Final answer:
After setting its structure, a company must decide on its product offerings, production processes, output levels, product pricing, and labor employment, all influenced by production, cost conditions, and market structure.
Step-by-step explanation:
Once a company has established its structure, it faces several strategic decisions that are critical to its success. These questions include determining what products the firm should produce, deciding on the production process, calculating the optimal output level, setting an appropriate price for the products, and finally, deciding how much labor to employ. The answers to these questions are typically guided by the production and cost conditions unique to each firm and by the overarching market structure. Market structure affects decisions such as the degree of market power a firm holds, the differentiation among competitors' products, and barriers to entry for new firms. This strategic decision-making process helps firms navigate through competitive industries.