If a Business Is Following a Focused Strategy, Then Its

question 154

Multiple Choice

If a business is following a focused strategy, then its competitive scope is ________.

• A) Broad market
• B) Narrow market
• C) Broad range products
• D) Broad range of services

---

Definitions:

Mean

The average value of a set of numbers, calculated by summing them up and dividing by the count of numbers.

Normally Distributed

A type of distribution in statistical theory where data is symmetrically distributed around a mean value, resembling a bell curve.

Independent

Not influenced or controlled by others; in statistics, refers to variables that are not affected by the changes in other variables.

Normal Distribution

A bell-shaped frequency distribution curve that is symmetric around its mean, describing how values of a variable are dispersed or spread.