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Asked by ritik on :Feb. 27, 2018

A strategic group consists of rival firms with si…

A strategic group consists of rival firms with similar competitive approaches and positions in the …

A strategic group consists of rival firms with similar competitive approaches and positions in the market. Do you agree with this statement?

0

Jeeba Mar. 09, 2018

A strategic group is combination of firms which have similar competitive approaches and positions in the market. Organisations in the same strategic group can resemble one another in any of the several ways: they may have comparable product-line breadth, sell in the same price/quality range, emphasize the same distribution channels, use essentially the same product attributes to appeal to similar types of buyers, depend on identical technological approaches, or offer buyers similar services and technical assistance.

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