A strategic group consists of those firms in an industry that A) are placing about the same emphasis on each distribution channel. B) use the same key success factors to differentiate their products. C) are subject to the same driving forces. employ similar competitive approaches and occupy similar positions in the market. D) have similar size market shares.
A strategic group consists of those firms in an industry that A) are placing about the same emphasis on each distribution channel. B) use the same key success factors to differentiate their products. C) are subject to the same driving forces. employ similar competitive approaches and occupy similar positions in the market. D) have similar size market shares.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
A strategic group consists of those firms in an industry that
A) are placing about the same emphasis on each distribution channel.
B) use the same key success factors to differentiate their products.
C) are subject to the same driving forces.
employ similar competitive approaches and occupy similar positions in the market.
D) have similar size market shares.
Expert Solution
Step 1
A strategic group analysis estimates the performance of distinct businesses with similar characteristics. Analyzing the activities of contending companies can allow you to stay informed about the business and distinguish lucrative business valuable open doors.
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