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:

Basic Income

A financial security program in which all citizens receive a regular, unconditional sum of money from the government regardless of other income.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Survivor Benefits

Financial benefits usually provided by government or private pension plans to the dependents of a deceased individual who qualified for the benefits.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs, intended to provide temporary financial support.