A Company That Is Serving Only a Few Market Segments

question 102

Multiple Choice

A company that is serving only a few market segments has most likely adopted a ________ strategy.

• A)focused differentiation
• B)focused low cost
• C)horizontal integration
• D)vertical integration

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Definitions:

Innovating

The process of creating new methods, ideas, or products that bring about significant improvements or solve problems in unique ways.

Social Media

Online platforms that enable users to create and share content or participate in social networking.

Business Opportunities

Circumstances or situations that present potential for new business growth, expansion, or profitability.

Successful Entrepreneurs

Individuals who achieve their goals through innovation, risk-taking, and effectively managing their businesses, often resulting in profitable and sustainable ventures.