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:

Evidence

Information or facts presented in support of an assertion, argument, or as justification for a belief or action.

Competitive Job Market

A job market characterized by high demand for positions and a large number of applicants, leading to strong competition among candidates.

Applicant Wants

The desires or requirements of individuals applying for a job, program, or position, outlining what they seek from the opportunity.

Traditional Job Search

The conventional method of seeking employment, typically involving applying for advertised positions and networking.