Which of the Following Statements About Strategy and Institutions Is

Multiple Choice

Which of the following statements about strategy and institutions is TRUE?

A) ​When formal institutional constraints fail, informal constraints tend to fail as well.
B) ​Institutions are little more than background conditions to strategic decisions.
C) ​The institution-based view focuses on the dynamic interaction between institutions and firms, and considers strategic choices the outcome of such interaction.
D) ​The institutional similarities between developed and emerging economies have propelled the institution-based view to the forefront of strategy discussions.