Part A) Flexibilty and Real options
1) What is strategic flexibility? Why is it thought of as a third generic business level strategy?
2) What are strategic options?
3) What are real options?
Part B
1) What is collusion
2) What are the two types of collusion and how are they different?
3) How does signaling relate to collusion?
Part C
1) Deffine vertical integration and differentiate between forward vertical integration and backward vertical integration