Question

Home Savings, Good Deals, Hank's Store, and King's Bargain are all departmental stores that compete for advantage against each other through everyday low-pricing and discounts on bulk purchases. All the four stores cater to the needs of highly price-sensitive customers. Thus, together Home Cart, Home Essentials, Good Store, and Price King form a __________.A. focus groupB. command groupC. strategic groupD. cross-functional group

Answer 1

Answer: Strategic group

Step-by-step explanation:

A strategic group is a term used in management in where companies within an industry which have identical business models or identical combinations of strategies are grouped together.

For example, in the question above, Good deals, Home savings, King's bargain and Hank's store are all departmental stores they offer similar services.

Strategic group analysis helps in the identification of a company's direct competitors and can also help in the identification of opportunities.

Answer 2

strategic group

Step-by-step explanation:

Strategic group is defined as a grouping of businesses that have the similar business models, or combination of strategies. For example restaurants can be grouped into strategic groups like fast food restaurants and fine dining restaurants.

In this instance Home Savings, Good Deals, Hank's Store, and King's Bargain are all departmental stores. They provide bulk purchases at low prices and discounts.

They have similar strategy of operations so they are a strategic group.