According to Strategy Guru Michael Porter, a Segmented Market Can

question 68

Multiple Choice

According to strategy guru Michael Porter, a segmented market can erode when

• A) the focus strategy is protected.
• B) the target segment loses its uniqueness.
• C) new firms reconstruct the industry.
• D) demand for the product grows and thus attracts new competitors.

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Definitions:

Fungible

Items or assets that are interchangeable and of such a nature that one part or quantity may replace another equal part in paying a debt or settling a deal.

Cultivator Co-Op

A cooperative association formed by crop producers to collaborate in cultivation efforts and share resources or benefits.

Grain

Small, hard seeds, especially the seeds of various food crops like wheat, corn, rye, oats, and barley, or the plants themselves.

F.O.B.

F.O.B. (Free On Board) is a shipping term indicating that the seller bears delivery expenses and risks until the goods reach the specified point, at which the buyer takes over.