Asked by Nubia Lujan on Sep 26, 2024
Verified
The Mayo clinic is an example of the _________ strategy that involves achieving a competitive edge by delivering a superior product and/or service to a limited audience.
A) focused differentiation
B) cost focus
C) differentiation
D) cost leadership
E) economies of scale
Competitive Edge
The advantage that allows an organization or individual to outperform competitors.
Focused Differentiation
A business strategy where a company provides unique products or services to a particular market segment or niche.
- Investigate the variables that lead to a competitive advantage by means of differentiation and strategies focused on leading in cost.
Verified Answer
KC
Karen Carrino2 days ago
Final Answer :
A
Explanation :
The focused differentiation strategy involves delivering a superior product or service to a limited audience, which is precisely what the Mayo Clinic does by providing specialized medical services to a specific and focused patient base.
Learning Objectives
- Investigate the variables that lead to a competitive advantage by means of differentiation and strategies focused on leading in cost.
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