Strategic groups consist of ________________.
A) a group of top executives that makes strategies for a company
B) a group of firms within an industry that follows similar strategies
C) a group of executives drawn from different companies within an industry that makes decisions on industry standards
D) a group of firms within an industry that decides to collude rather than compete with each other so that they can increase their profits

Question

Quizplus · Accepted Answer

Strategic groups are clusters of firms that share similar strategies. Rivalry tends to be greater among firms that are alike.

Strategic Groups Consist of ________________