The Concept of Strategic Groups Is Relevant to Industry and Competitive

question 51

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 each company's market position and its 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:

Diet

The sum of the food consumed by a person or organism, often tailored for health, weight management, or specific nutritional needs.

Skull

The bony structure forming the head, protecting the brain, and supporting the structures of the face.

Rib Cage

The skeletal structure surrounding the chest cavity that protects the heart, lungs, and other organs; made up of ribs, sternum, and costal cartilages.

Epiphyseal Disk

A plate of cartilage between the epiphysis and the diaphysis.