Focus Strategies Are

question 58

Multiple Choice

Focus strategies are:

• A) sheltered from the risks associated with industry-wide strategies because of their niche focus.
• B) able to avoid global risk by focusing on niches in national or regional markets.
• C) faced with additional types of risks than are industry-wide strategies.
• D) more subject to failure than industry-wide strategies.

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Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often to imply a resemblance.

Walmart

Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its large scale and low prices.

Nonunionized Workers

Employees who are not part of a labor union and therefore may not have the same representation or collective bargaining powers as unionized workers.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government policy.