What Sets Focused (Or Market Niche)strategies Apart from Low-Cost Leadership

question 98

Multiple Choice

What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is:

• A) the extra attention paid to top-notch product performance and product quality.
• B) their concentrated attention on serving the needs of buyers in a narrow piece of the overall market.
• C) greater opportunity for competitive advantage.
• D) their suitability for market situations where most industry rivals have weakly differentiated products.
• E) their objective of delivering more value for the money.

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Definitions:

Configurable Computing Resources

Computing components like CPU power, memory, and storage that can be adjusted or scaled according to the needs of the user or application.

On-Demand Access

Provisioning immediate access to resources or services whenever and wherever they are required by the user, similar to "on-demand" but emphasizing the accessibility aspect.

Pay-As-You-Go

A payment model where services or goods are paid for as they are used, rather than through a subscription or upfront fee.

-As-A-Service

-As-A-Service denotes business models where products or services are provided over the internet on a subscription basis, such as Software-as-a-Service (SaaS).