Strategic Groups Consist of

question 50

Multiple Choice

Strategic groups consist of

• A) a group of top executives who make strategies for a company.
• B) a group of firms within an industry that follow similar strategies.
• C) a group of executives drawn from different companies within an industry that makes decisions on industry standards.
• D) a group of firms within an industry that decide to collude rather than compete with each other so that they can increase their profits.

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Definitions:

Truth Table

A mathematical table used in logic to determine the truth value of logical expressions based on their variables' truth values.

Imply

To suggest or express something indirectly or covertly, leaving the full meaning to be inferred by the audience.

Tautology

A statement that is necessarily true because of the meanings of the words.

Truth Table

A mathematical table used in logic to determine whether a compound statement is true or false, based on the truth values of its components.