Question

Trinity Nails, Alaska Motion, Jinkx Palace, and Eureka Paradise are all hardware stores that compete against each other through everyday low pricing and discounts on bulk purchases. All four stores cater to the needs of highly price-sensitive customers. Thus, together these stores form a ____.

Answer 1

Answer: strategic group

Step-by-step explanation:

Based on the scenario in the questions, the stores together these stores form a strategic group. A strategic group is when the companies in a particular industry use similar strategies.

As we can see from the question, we are told that Trinity Nails, Alaska Motion, Jinkx Palace, and Eureka Paradise are all hardware stores that compete against each other by using everyday low pricing and discounts on bulk purchases. This shows that the companies use same strategies.