When considering strategic groups within industries,Canadian retailer Holt Renfrew is described as
A) a high growth industry with low fixed costs
B) similar to Canadian Tire
C) a prestigious upscale player
D) a competitor of Wal-Mart

Question

Quizplus · Accepted Answer

Holt Renfrew is described as a prestigious upscale player, indicating that it competes in a high-end market segment, which is different from the low-cost market segment where Wal-Mart operates. It is also not comparable to Canadian Tire, which is a general merchandise retailer that operates in a different industry segment. The information provided does not allow for a determination of whether it is a high-growth industry with low fixed costs.

When Considering Strategic Groups Within Industries,Canadian Retailer Holt Renfrew Is