Strategic groups within an industry compete amongst themselves even though their business models may vary greatly.

Name: Strategic groups within an industry compete amongst themselves even though their business models may vary greatly.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Strategic groups are composed of firms in an industry that have similar business models and compete with their closest rivals. However, even though the business models may vary greatly, these firms can still compete within their own strategic group.

Strategic Groups Within an Industry Compete Amongst Themselves Even Though