Which of the Following Best Describes a Focus Strategy

question 9

Multiple Choice

Which of the following best describes a focus strategy?

• A)When a firm either offer a narrow set of varieties,serve a narrow set of customers,or do both
• B)When a firm sells products manufactured with raw materials from monopoly suppliers
• C)When a firm is the only one selling specific products
• D)When a firm faces many competitors and charges a lower price
• E)None of the above

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Assessed Valuation

The dollar value assigned to a property by a public tax assessor for the purposes of taxation.

Tax Rate

The percentage at which an individual or corporation is taxed.

Valuation Rate

A rate used to determine the current or projected worth of an asset or a company.