Strategic groups consist of a group of

A. firms within an industry that decides to collude rather than compete with each other so that they can increase their profits.
B. top executives that makes strategies for a company.
C. firms within an industry that follows similar strategies.
D. executives drawn from different companies within an industry that makes decisions on industry standards.


Answer: C

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Answer the following statement true (T) or false (F)

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What will be an ideal response?

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