A Group of Firms Following the Same Strategy in a Given

question 111

Multiple Choice

A group of firms following the same strategy in a given target market is called a ________.

• A) cabal
• B) cartel
• C) cooperative
• D) informal alliance
• E) strategic group

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Definitions:

Adverse Situations

Circumstances or events that are unfavorable and pose challenges to an individual's or organization's goals and objectives.

Exert Influence

To apply or use power, authority, or influence to affect or sway someone or something's actions or decisions.

Control Others

The exertion of power or influence over individuals or groups to direct or regulate their behavior.

Self-Reliance

The ability to rely on one's own capabilities and resources rather than those of others.