Match each item with a statement below:

-Concept to identify organizations within an industry that have similar business models and/or strategic orientations so that they directly compete with each other
A)oligopoly
B)perfect competition
C)low-cost leadership
D)economies of scale
E)external environment
F)strategic group
G)monopolistic competition
H)market niche
I)monopolies
J)value chain

Question

Match each item with a statement below:

-Concept to identify organizations within an industry that have similar business models and/or strategic orientations so that they directly compete with each other
A)oligopoly
B)perfect competition
C)low-cost leadership
D)economies of scale
E)external environment
F)strategic group
G)monopolistic competition
H)market niche
I)monopolies
J)value chain

Quizplus · Accepted Answer

Strategic groups are used to categorize organizations within an industry that have similar business models or strategies, indicating they are in direct competition with each other.

Match Each Item with a Statement Below