Asked by Brooke Ramsey on May 27, 2024
Verified
All of the following strategies target industry wide markets except:
A) focused
B) differentiation
C) low-cost
D) none of these strategies target industry wide markets
Industry Wide Markets
Pertains to markets that encompass products, services, and consumers across an entire industry, rather than being limited to specific segments.
Focused
Having clear concentration and attention on a specific task, goal, or activity, leading to increased efficiency and productivity.
- Comprehend the fundamental business strategies: cost leadership, uniqueness, and concentration.
Verified Answer
GS
GURINDER SinghMay 27, 2024
Final Answer :
A
Explanation :
Focused strategies target a specific segment of the market rather than the entire market, distinguishing them from differentiation and low-cost strategies, which aim at industry-wide markets.
Learning Objectives
- Comprehend the fundamental business strategies: cost leadership, uniqueness, and concentration.
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