The Risks of a Focus Strategy Include

question 113

Multiple Choice

The risks of a focus strategy include:

• A) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more narrowly defined segment.
• B) a competitor's ability to use its core competencies to out-focus the focuser by serving an even more broadly defined segment.
• C) decisions by industry-wide competitors to use their resources to serve a wider range of customers' needs than the focuser has been serving.
• D) decisions by focused competitors to use their resources to serve a wider range of customers' needs.

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Definitions:

Professional Liability

Professional liability involves the legal responsibility of professionals, such as doctors or lawyers, to compensate for harm caused by their negligence or errors in service.

Specific Professions

Particular occupations or lines of work that require special training, education, or skill.

Commercial General Liability Policy

A policy that generally provides protection for the insured for bodily injury, as well as for third parties for property injury.

Broad Range

Refers to an extensive variety or a wide spectrum of items, ideas, or options available.