A Strategic Groups Consists Of

question 63

Multiple Choice

A strategic groups consists of:

• A)Firms that follow the same generic strategies (e.g.cost leadership or differentiation)
• B)Firms within an industry that have similar strategies
• C)Firms that occupy the same industry segment
• D)Firms that target the same customer groups

Appreciate the relevance of accurately interpreting research results and statistics to avoid becoming misrepresented "statistics".

Identify and classify different types of data (categorical and quantitative).

Understand the concept of measurement scales (nominal, ordinal, interval, ratio) and apply them to real-world data.

Differentiate between quantitative data measured in units and categorical data defined by characteristics.

---

Definitions:

Ethnic Category

A classification based on common cultural, linguistic, or ancestral characteristics.

Hispanic Americans

Americans of Spanish-speaking ancestry, including those from Latin America and Spain.

Residential Integration

The degree to which individuals of different racial, ethnic, or socioeconomic backgrounds live together in the same neighborhoods.

Minority Group

Refers to a category of people distinguished by physical or cultural traits, who are socially disadvantaged.