Strategic-group analysis helps managers gain a better understanding of ________.
A) their weaknesses
B) their competitors
C) their suppliers
D) their complementors

Question

Quizplus · Accepted Answer

Strategic-group analysis is a tool used to identify and compare groups or clusters of similar organizations in a specific industry. By analyzing these groups, managers can gain a better understanding of their competitors, including their strengths and weaknesses, strategies, and market positioning. Thus, option B is the correct choice. Option A is incorrect because the analysis does not provide insights into a firm's weaknesses. Option C is incorrect because strategic-group analysis focuses on competitors rather than suppliers. Option D is incorrect because complementors are not the main focus of the analysis.

Strategic-Group Analysis Helps Managers Gain a Better Understanding of ________