A Set of Companies That Compete in Similar Ways with Similar

question 28

Multiple Choice

A set of companies that compete in similar ways with similar business models pursuing similar sets of customers is called a __________.

• A)strategic group
• B)joint venture
• C)supplier group
• D)strategic alliance

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Definitions:

Irreversibility

Lack of recognition that actions can be reversed.

Egocentrism

In developmental psychology, a characteristic of children's thinking during the preoperational stage, where they are unable to see situations from perspectives other than their own.

Centration

Focusing on one dimension of a situation while ignoring others.

Conservation

A principle in cognitive development referring to the understanding that quantity or mass remains the same regardless of changes in shape or arrangement.