CS Professional · Strategic Management and Corporate Finance · Competitive Positioning
In competitor analysis, a strategic group is best described as:
A strategic group is a set of firms within the same industry that follow similar strategies on key dimensions such as price, product range, quality and distribution. Because their approaches resemble each other, they compete most directly among themselves.
- AA set of firms in an industry that follow similar strategies along key dimensions such as pricing, product range and distributionCorrect
- BAll firms in the economy that share the same legal form of organisation
- CA group of directors who approve the corporate strategy of a company
- DA collection of unrelated businesses held by one holding company
Explanation
A strategic group clusters rivals in one industry that pursue similar strategies on key dimensions. Rivalry is usually strongest within a group. The other options describe legal form, board composition or a conglomerate, none of which is a strategic group.
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