Focus Strategy Can Be Defined As

question 56

Multiple Choice

Focus strategy can be defined as: 

• A) the strategy of merging with an established company in order to gain monopoly over the market.
• B) the strategy a company uses when it decides to allocate the company resources equally among all the marketing segments
• C) the strategy a company uses when it decides to serve a limited number of segments, or just one segment of the market.
• D) the strategy a company uses when it decides to ignore the different needs of different market segments, and produce one standardized product for all the customers.
• E) the strategy of closing down one or more business units in order to minimize the losses.

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Definitions:

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work, allowing an individual to see the results of their efforts.

Visible Outcome

A result or effect of an action or process that is easily observed or identified.

Job Feedback

Information given to employees about their performance, aiming to reinforce strengths or address weaknesses.

Extrinsic Rewards

Rewards given to individuals by external sources, typically in the form of money, benefits, or formal recognition, as compensation or acknowledgment of one's work.