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.

---

Definitions:

Conditional

Depending on or subject to one or more conditions or requirements being met.

Leasehold

Leasehold refers to a property interest that allows the holder (lessee) to use the property for a fixed period of time under the terms of a lease agreement.

Marital Tenancy

A form of joint ownership of property by married couples, often implying equal rights to the property.

Tenancy by the Entirety

A form of joint property ownership available only to married couples, where each owns the entire property and upon one's death, the survivor automatically becomes the sole owner.