Which of the Following Is True About an Offensive Strategic

question 11

Multiple Choice

Which of the following is true about an offensive strategic market plan?

• A)It is inappropriate for a market with high market attractiveness and low competitive advantage.
• B)It is used for entering a new market with no established share position.
• C)It is appropriate if a business wants to improve profits by optimizing its market focus with minimal investment.
• D)It is used to protect the current position of a business.
• E)It is used in markets with market attractiveness below 20 where the business has low competitive advantage.

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Definitions:

Cartel

A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.

Sales

The activities involved in selling goods or services to consumers or other businesses, generating revenue.

Concentration Ratio

A measure of the total output produced in an industry by a given number of firms, used to assess the level of market concentration and competition.