Firms Directing the Same Strategy to the Same Target Market

question 98

True/False

Firms directing the same strategy to the same target market constitute a strategic group.

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Definitions:

Liquefied Natural Gas

Natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.

Methane

A potent greenhouse gas with a molecular structure of one carbon atom and four hydrogen atoms, contributing significantly to global warming.

Ethane

a colorless, odorless hydrocarbon gas that is a constituent of natural gas and used as a petrochemical feedstock.

Propane

A flammable hydrocarbon gas of the alkane series, used as fuel in heating appliances, cooking equipment, and vehicles.