It is said that an organisation can achieve competitive advantages through three generic strategies called, cost leadership, differentiation and focus. Which of the following best describes the focus strategy? The focus strategy aims to offer a product that cannot be matched by competitors and charge a premium. The focus strategy aims to position the entity in a particular market segment. The focus strategy aims to cut costs of production or purchasing or service and selling prices. None of the above.
It is said that an organisation can achieve competitive advantages through three generic strategies called, cost leadership, differentiation and focus. Which of the following best describes the focus strategy? The focus strategy aims to offer a product that cannot be matched by competitors and charge a premium. The focus strategy aims to position the entity in a particular market segment. The focus strategy aims to cut costs of production or purchasing or service and selling prices. None of the above.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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It is said that an organisation can achieve competitive advantages through three generic strategies called, cost leadership, differentiation and focus. Which of the following best describes the focus strategy?
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