A set of companies that compete in similar ways with similar business models pursuing similar sets of customers is called a __________.
A)strategic group
B)joint venture
C)supplier group
D)strategic alliance

Question

Quizplus · Accepted Answer

A set of companies that compete in similar ways with similar business models pursuing similar sets of customers is called a strategic group. Joint ventures and strategic alliances involve multiple companies working together, while a supplier group consists of companies that supply a particular product to a larger industry.

A Set of Companies That Compete in Similar Ways with Similar