Focusing the Ability Can Secure a Competitive Edge but Also

question 80

Multiple Choice

Focusing the ability can secure a competitive edge but also carries some risks that could be detrimental to the focused firm, such as

• A)the likelihood that a focused company will become so cost efficient it will achieve excessive profits.
• B)the potential for the preferences and needs of niche members to shift over time toward mainstream provider product attributes.
• C)the potential for the niche to become so attractive it will not attract new competitors thereby providing excessive market segment profits.
• D)the potential for technological advances to favor only low-cost providers.
• E)the likelihood that a focused company will become so cost inefficient it will achieve excessive profits.

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Definitions:

Conditioned Response (CR)

The learned response to the conditioned stimulus that occurs after a conditioned stimulus–unconditioned stimulus pairing.

Conditioned Stimulus (CS)

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Response (UR)

An unlearned reaction that is automatically elicited by the unconditioned stimulus.

Unconditioned Stimulus (US)

An unconditioned stimulus is any stimulus that naturally triggers a reflexive response without the need for prior learning.