1. "Based on the analysis presented in the report, the company decided to aggressively market its product in the Chinese market."
Is this sentence correct? Or should it be:
2. "Because of the analysis presented in the report, the company decided to aggressively market the product in the Chinese market."
3. "Using the analysis presented in the report, the company decided to aggressively market the product in the Chinese market."
or
4. "Based on the analysis presented in the report, a decision was made by the company to aggressively market its product in the Chinese market."
According to OG11, in the first sentence, "based on incorrectly modifies the noun company" and hence is wrong.
In sentences 2,3,4 the modifier correctly modifies the verb "decision" and hence are correct.
I do not seem to be able to nail down a rule for such questions. Can anyone clarify this to me and present a more general way to tackle "Based on" vs. "Bacause of"?
Thanks,
Vik