The Primary Opportunity Existing for Startups in Fragmented Industries Is

question 61

Multiple Choice

The primary opportunity existing for startups in fragmented industries is to ________.

• A) pursue a niche strategy, which focuses on a narrow segment of the industry that might be encouraged to grow through product or process innovation
• B) win customers by placing an emphasis on service and process innovation
• C) capture a first-mover advantage
• D) pursue a cost reduction strategy, which is accomplished through achieving lower costs than industry incumbents through process innovation
• E) consolidate the industry and establish industry leadership as a result of doing so

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Definitions:

Standard Precautions

A set of infection control practices used in healthcare to prevent transmission of diseases that can be acquired by contact with blood, body fluids, non-intact skin, and mucous membranes.

Potentially Infectious

Used to describe materials or organisms that may contain pathogens or microbes capable of causing disease or infection to humans or animals.

Unidentifiable Substance

A material or compound that cannot be recognized, identified, or classified typically due to lack of information or complex composition.

Disinfectant

A chemical agent used to destroy or inhibit the growth of harmful organisms on surfaces, thereby preventing the spread of infections.