When All Sellers Pursue Essentially Identical Strategies and Have Similar

question 29

Multiple Choice

When all sellers pursue essentially identical strategies and have similar market positions

• A)they remain subject to different driving forces.
• B)they place about the same emphasis on various distribution channels.
• C)they use the same key success factors to differentiate their products.
• D)the industry can be said to contain one strategic group.
• E)they still must possess customer service attributes that differentiate them from one another in the marketplace.

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Definitions:

Industrial Revolution

A period of major industrialization from the late 18th to mid-19th century that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

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