Firms can use strategic alliances to change the industry structure in their favor. For example, firms frequently use strategic alliances when competing in so-called battles for industry standards. This is an example of entering an alliance to Multiple Choice enter new markets. strengthen a competitive position. hedge against uncertainty. learn new capabilities. access critical complementary assets.

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?