The Concept of Strategic Groups Is Relevant to Industry and Competitive

question 2

Multiple Choice

The concept of strategic groups is relevant to industry and competitive analysis because

• A) firms in the same strategic groups are rarely close competitors-a firm's closest competitors are usually in distant strategic groups.
• B) strategic group maps help identify how each competing firm is positioned and the relationship to their closest competitors.
• C) competition grows in intensity as the number and diversity of the strategic groups in an industry increases.
• D) the profit potential of firms in the same strategic group is usually very similar.
• E) competitive pressures tend to be weaker within strategic groups than across strategic groups.

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Definitions:

Motor Development

The progression of muscular coordination required for physical activities, including major milestones such as grasping, sitting, and walking.

Motor Milestones

Developmental achievements involving movement and physical activity, such as crawling, walking, and grasping.

Moro Reflex

A startle reflex seen in newborns, which involves flinging the arms outwards and then hugging themselves, in response to a feeling of falling or loud noises.

Palmer Grasp

An infantile reflex that involves the curling of fingers around an object placed in the palm of the hand.