Every firm within a broadly defined industry:

Question

Quizplus · Accepted Answer

Different firms within a broadly defined industry may have different strategic approaches, resources, and strengths which can influence their competitive position. As a result, they can usually be placed in one of several strategic groups within that industry. Hence, option D is the best answer. Option A is not correct as technology adoption varies across firms in an industry. Option B is not universally true as firms can succeed through other strategies. Option C is not always true as sometimes firms within an industry can also cooperate or form alliances.

Every Firm Within a Broadly Defined Industry