Which of the Following Holds True for Companies Following the Focused

question 2

Multiple Choice

Which of the following holds true for companies following the focused differentiation strategy?

• A) The niche that is an area of operation of one company cannot be made to disappear or be taken over by larger competitors.
• B) Companies following the focused differentiation strategy can charge very high prices.
• C) Companies following this strategy depend on their ability to reduce the price to drive competition out of the market.
• D) Damaging attacks do not come from larger firms.
• E) Companies following the focused differentiation strategy hardly have their growth stymied irrespective of the size of the market.

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Definitions:

Employees

Individuals who are hired by an organization to perform specific duties and tasks in exchange for compensation, forming the workforce of the organization.

Stress Reaction

The physical, mental, and emotional responses triggered by perceived threats or challenges in one's environment.

Displacement

In psychology, the transfer of emotions or desires from their original object to a more acceptable substitute.

Work Engagement

A concept reflecting the level of energy, involvement, and efficacy employees feel towards their work.