Classifying an Industry into Strategic Groups Involves Judgment

question 1

Multiple Choice

Classifying an industry into strategic groups involves judgment.If it is useful as an analytical tool,we must exercise caution in deciding what dimensions to use to map these firms.Dimensions include all of the following except

• A) breadth of product and geographic scope.
• B) price and quality.
• C) degree of vertical integration.
• D) management team.

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Definitions:

Resistance

The refusal to accept or comply with something; in a work setting, it typically refers to employees' opposition to changes in policies or practices.

Recognition

The act of acknowledging or rewarding an individual's achievements, contributions, or status, often used as a motivational tool in the workplace.

Alarm

The initial reaction of the body to a perceived threat, part of the stress response involving immediate physiological changes.

Cross-functional Teams

Groups composed of members from different departments or areas of expertise, working together towards a common goal.