A Segmented Market Can Erode When the Focus Strategy Is

question 64

True/False

A segmented market can erode when the focus strategy is imitated.

---

Definitions:

Operational Planning

The process of creating specific procedures and actions to achieve tactical goals and objectives within a short time frame.

Competitive Differentiation

Unique combination of organizational abilities, products, and approaches that sets a company apart from competitors in the minds of customers.

Strategic Planning Process

The strategic planning process is a systematic approach used by an organization to envision its future and develop necessary procedures and operations to achieve that future.