Firms directing the same strategy to the same target market constitute a strategic group.

Name: Firms directing the same strategy to the same target market constitute a strategic group.
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Quizplus · Accepted Answer

This statement is correct. A strategic group is defined as a group of firms in an industry that have similar business models and strategies and compete in the same target market. They are usually competitive rivals and rely on similar resources and capabilities to compete.

Firms Directing the Same Strategy to the Same Target Market