The Risks of a Focus Strategy Include

question 113

Multiple Choice

The risks of a focus strategy include:

• A) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more narrowly defined segment.
• B) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more broadly defined segment.
• C) decisions by industry-wide competitors to use their resources to serve a wider range of customers' needs than the focuser has been serving.
• D) decisions by focused competitors to use their resources to serve a wider range of customers' needs.

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Definitions:

Biological Need

Fundamental requirements that organisms need to maintain life, such as food, water, and shelter.

Probability

A measure of how likely it is that some event will occur; a number expressing the ratio of favorable outcomes to the total number of possible outcomes.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, where an association is made between a behavior and a consequence for that behavior.

Observational Learning

A learning process where individuals change their behaviors or acquire new information by watching the actions of others.