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19 March, 07:22

What is a strategic group? A. A group of firms in different industries that follow similar strategies B. A group of firms in an industry following the same or a similar strategy in a given target market C. A group of firms in an industry following different strategies D. A group of firms that do not compete with each other E. A group of firms that target different markets with different strategies

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  1. 19 March, 07:29
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    B. A group of firms in an industry following the same or a similar strategy in a given target market

    Explanation:

    Strategy group is a terminology used in business management to refer to specific group of people who are responsible for designing and formulating policies and business forecast aimed at creating sustainability in an industry.
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Home » Business » What is a strategic group? A. A group of firms in different industries that follow similar strategies B. A group of firms in an industry following the same or a similar strategy in a given target market C.
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