Focus Strategy Can Be Defined As

question 56

Multiple Choice

Focus strategy can be defined as: 

• A) the strategy of merging with an established company in order to gain monopoly over the market.
• B) the strategy a company uses when it decides to allocate the company resources equally among all the marketing segments
• C) the strategy a company uses when it decides to serve a limited number of segments, or just one segment of the market.
• D) the strategy a company uses when it decides to ignore the different needs of different market segments, and produce one standardized product for all the customers.
• E) the strategy of closing down one or more business units in order to minimize the losses.

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Definitions:

Social Dilemmas

Situations in which individuals face a conflict between maximizing personal interest and maximizing the collective interest, often leading to suboptimal outcomes for all involved.

Contagion Theory

A theory in sociology that explains how behavior can spread through populations as if it were a disease, influencing mass actions and reactions.

Collective Action

Refers to actions taken together by a group of people in pursuit of the same goal or interest.

Gerrymandering

The practice of manipulating the boundaries of electoral constituencies to favor one party or class.