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
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.
