A subset of firms that compete against each other more intensely than with other firms in the industry are called ________.
A) strategic groups
B) complementors
C) stakeholders
D) suppliers

Question

Quizplus · Accepted Answer

Strategic groups are a subset of firms that follow similar strategies or compete against each other more intensely than with other firms in the industry. This grouping is based on factors like target customer, pricing strategy, product quality, and distribution channels. Complementors, stakeholders, and suppliers are different entities in the business ecosystem that do not necessarily compete against each other in the same way as strategic groups do.

A Subset of Firms That Compete Against Each Other More