Which of the Following Statements About Strategic Groups Is False

question 9

Multiple Choice

Which of the following statements about strategic groups is false?

• A) Two assumptions are made: (1) no two firms are totally different, and (2) no two firms are exactly the same.
• B) Strategic groupings are of little help to a firm in assessing mobility barriers that protect a group from attacks by other groups.
• C) Strategic groups help chart the future directions of firm strategies.
• D) Strategic groups are helpful in thinking through the implications of each industry trend for the group as a whole.

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Definitions:

Irrevocability Period

A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.

Purchase Price

The amount of money paid or to be paid by the buyer to acquire an asset or service from the seller.

Firm Offer

An offer made in writing and containing assurances that it will be irrevocable for a period of time not longer than three months despite a lack of consideration for the irrevocability.

Irrevocability Period

The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.