Asked by Erica Doherty on Jul 13, 2024
Verified
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.
Verified Answer
Learning Objectives
- 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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