Competitors who sell similar products using similar marketing plans are known as

Question

Business

Cedric Wiley

16 December, 13:24

Competitors who sell similar products using similar marketing plans are known as

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Answers (2)

Know the Answer?

Reina Mcconnell · Answer 1

This question is incomplete. Here is the complete question:

Competitors who sell similar products using similar marketing plans are known as:

pair bonds.

strategic groups of competitors.

baseline competitors.

copycats.

Answer:

The correct answer is strategic groups of competitors.

Explanation:

Competitors who sell similar products using similar marketing plans are those who must compete with each other to be the best seller. This happens a lot in large companies that sell the same products and seek the same type of customers.

These competitors are known as strategic groups of competitors. Both have similar strategies with which they will compete to sell their products effectively.

Hampton · Answer 2

Strategic Groups of Competitors

Explanation:

These are business competitors, maybe firms or companies that have a similar business model. In this view, such competitors apply same strategies and plans when running their operations. These competitors might have similar business objectives and goals. A good examples is when two companies focus on activities to sustain competitive advantages thus they can apply a similar model when breaking down the market.