Members of a Strategic Group

question 27

Multiple Choice

Members of a strategic group

• A) compete directly with members of other strategic groups.
• B) are affected by Porter's five competitive forces to the same degree that members of other strategic groups are affected.
• C) follow a business model that is similar to that pursued by other companies in the group.
• D) earn the same rate of return.
• E) move easily to other groups as desired.

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Definitions:

Inefficiently

Operating in a manner that does not maximize productivity or wastes resources, leading to lower outputs for given inputs.

Property Rights

Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, and personal possessions.

Private Owners

Individuals or entities that legally possess property or businesses and hold exclusive rights over their use and distribution.

Selfish Ends

pertains to actions or goals pursued for personal gain or advantages, often disregarding the welfare of others.