A Differentiation Strategy Can Be Especially Attractive When the Industry

question 24

True/False

A differentiation strategy can be especially attractive when the industry has many different niches and segments, thereby allowing a focuser to pick a competitively attractive niche suited to its own resources.

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Definitions:

Public School

An educational institution that is funded and operated by the government, offering free education to students.

Highly Profitable

Describes businesses or investments that generate earnings substantially above the average, relative to their size or compared to their industry peers.

New Venture Creation

The process of developing, planning, and launching a new business enterprise.

Self-Made Entrepreneurs

Individuals who have achieved business success primarily through their own efforts, skills, and resources.