A Focus Strategy Is Best Described as

question 58

Multiple Choice

A focus strategy is best described as

• A)an attempt to compete directly with industry giants.
• B)a domestic marketing strategy.
• C)a strategy that isolates the business from market forces.
• D)targeting the high end of a market.

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Definitions:

Social Responsibility

The obligation of individuals and organizations to act in ways that benefit society at large, beyond their own interests or profits.

Obstructionist Strategy

A corporate social responsibility strategy that tries to avoid and resist pressures for social responsibility.

Economic Responsibility

The obligation of an organization to make decisions and take actions that will contribute to the economic well-being of society.

Classical View

A perspective on management and organizational theory that emphasizes efficiency, hierarchical structure, and the importance of planning and formal procedures.