Asked by Erica Doherty on Jul 13, 2024

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All of the following are important to organizations following the focused strategy except:

A) economies of scale
B) attracting new buyers
C) specializing in ways other organizations cannot match
D) keeping repeat buyers

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Attracting New Buyers

The strategies and practices employed by businesses to appeal to and engage individuals or entities that have not previously purchased their products or services.

Repeat Buyers

Consumers who make multiple purchases from the same brand or vendor, demonstrating brand loyalty or satisfaction with the product or service.

  • Acquire understanding of the core business approaches: economical pricing, uniqueness, and specialized focus.
  • Understand the perils and negative aspects inherent in strategies centered around focus and reducing expenditures.
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Eliza Salome-BernalJul 16, 2024
Final Answer :
A
Explanation :
The focused strategy emphasizes specialization and targeting a particular market or niche, rather than trying to achieve economies of scale. Therefore, achieving economies of scale is not as important for organizations following this strategy compared to those pursuing a cost leadership or differentiation strategy. Instead, the focus is on attracting and keeping the target group of buyers by offering products or services that are specialized and unique in ways that other organizations cannot match.