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Consider the three statements. Statement 1: Competitive rivalry is strongest between firms that are within the same strategic group. Statement 2: Within an industry some

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Consider the three statements. Statement 1: Competitive rivalry is strongest between firms that are within the same strategic group. Statement 2: Within an industry some strategic groups may be consistently more profitable than other strategic groups. Statement 3: Firms in the same strategic group follow the same generic model: cost leadership, differentiation, or focus-cost leadership, or focus- differentiation. O Only Statement 1 is True O Only Statement 2 is True Only Statement 3 is True All Three Statements are True All Three Statements are False O Two Statements are True, One Statement is False

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