at 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 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