In Mapping, Strategic Groups

question 69

Multiple Choice

In mapping, strategic groups

• A) one strategic variable and one financial variable should be used as axes for the map.
• B) it is important for the variables used as axes to be highly correlated.
• C) the best variables to use as axes for the map are those that identify the competitive characteristics that delineate strategic approaches used in the industry.
• D) it is important to use price as the variable for the vertical axis.
• E) the primary objective is to determine which strategic groups are profitable and which are not.

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Definitions:

Declaration

A formal statement, announcement, or document outlining intentions, conditions, or observations on certain matters.

Covenants

Legally enforceable agreements or promises within a deed or contract, specifying actions the parties must or must not engage in.

Joint Tenancy

A form of co-ownership where property is owned by two or more parties with equal rights to the whole property, and with the right of survivorship.

Tenancy In Common

A type of co-ownership in which each owner has the right to sell his or her interest without the consent of the other owners, may own an unequal share of the property, and may have a creditor attach his or her interest.