Plotting the market position of industry competitors on a two-dimensional graph using two strategic variables as the vertical and horizontal axes is used to identify: A) Entry barriers. B) Most important competitors. C) Strategic types. D) Market gaps

E) Strategic groups. This method of plotting market position on a two-dimensional graph using strategic variables helps identify different groups of competitors in the market. Each competitor's position on the graph indicates their level of similarity in terms of their strategic approach and the target market they are serving. This helps organizations identify their strategic position in relation to their competitors and enables them to identify and target specific strategic groups. This approach is commonly used in strategic management and competitive analysis to better understand the competitive landscape of the industry.