Which of the Following Is an Advantage of a Focus

question 75

Multiple Choice

Which of the following is an advantage of a focus strategy?

• A)A larger domain
• B)Customer responsiveness
• C)Economies of scope
• D)Economies of scale

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Definitions:

Artificial Intelligence

A branch of computer science that aims to create systems capable of performing tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation.

Digitization

The conversion of text, pictures, or sound into a digital form that can be processed by a computer.

Mega Themes

Large-scale, overarching trends and shifts that influence business, technology, and society, shaping the future landscape of industries.

Chief Supply Chain Officer

A senior executive role responsible for overseeing and driving the strategic direction of an organization's entire supply chain, from procurement to distribution.