A Focus Strategy Can Be Achieved by Competing on the Basis

question 24

Multiple Choice

A focus strategy can be achieved by competing on the basis of:

• A)broad product line,customer or geographic segmentation,focused functional capability
• B)narrow product line,customer or geographic segmentation,focused functional capability,keeping costs down
• C)narrow product line,customer or geographic segmentation,focused production capability
• D)small profit margin,customer or geographic segmentation,focused functional capability

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Definitions:

Social Media Technologies

Digital tools and platforms that enable users to create, share, or exchange information and ideas in virtual communities and networks.

The Grapevine

An informal communication network within an organization that spreads information, rumors, and gossip among employees.

Stakeholder Relationship

The dynamic and interactions between an organization and those with vested interests in its operations, including employees, clients, suppliers, and the community.

Corporate Restructuring

The process of significantly modifying the structure or operations of a corporation for the purpose of enhancing profitability or addressing financial challenges.