1. A Predator Strategy is when a firm:
A) Does everything listed in these choices for an answer.
B) Prices lower than the competition.
C) Prices below cost.
D) Seeks long term gains in market share.
E) Behaves irrationally.
2. A good way to develop an understanding of the micro environment or industry is to
A) Conduct a Porter's Six Forces analysis.
B) Conduct a PEST analysis.
C) Employ a Broad Cost Leader strategy.
D) R & D function.
E) None of these answers is appropriate.