According to Michael Porter,a Focus Strategy Can Erode When

question 75

Multiple Choice

According to Michael Porter,a focus strategy can erode when

• A)the strategy is protected.
• B)the target segment's differences from other segments narrow.
• C)new firms reconstruct the industry.
• D)demand for the product grows and thus attracts new competitors.

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Definitions:

SaaS Customers

Clients or users who utilize Software as a Service, a cloud-based service where they access software over the internet rather than installing it on local devices.

Outsourcing Benefits

The advantages gained by a company when it hires external firms to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's core competencies.

Direct Conversion

A process in energy transfer or digital signal processing that transforms one form of energy or signal directly to another without intermediate steps.

Parallel Conversion

The process of running old and new systems simultaneously during the transition to a new information system.