The Advantage That Focused Companies Have Over Their Broad Market

question 5

Multiple Choice

The advantage that focused companies have over their broad market rivals is that they:

• A) can sells on non-price factors, such as design or customer service.
• B) can respond to demands for deep price discounts.
• C) sell fewer products in bulk to outsell their rivals.
• D) can initiate a price war in order to grow volume and drive its weaker rivals out of the industry.
• E) can absorb cost increases that may be passed on downstream by powerful suppliers.

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Definitions:

Trivial Details

Minor or insignificant information or aspects that may not have major impact on the overall context or situation.

Emotional Stability

A personality trait which signifies an individual's ability to remain calm and composed under stress, pressure, or emotional distress.

Introverted Personality

A personality trait characterized by a focus on internal feelings rather than on external sources of stimulation.

Agreeableness

A personality trait characterized by warmth, kindness, cooperativeness, and a tendency to be pleasant and accommodating in social situations.