Focusing Carries Several Risks,one of Which Is

question 41

Multiple Choice

Focusing carries several risks,one of which is:

• A) the chance that niche customers will bargain more aggressively for good deals than customers in the overall marketplace.
• B) the chance that competitors will find effective ways to match the focused firm's capabilities in serving the target market.
• C) the potential for the segment to be highly vulnerable to economic cycles.
• D) the potential for segment growth to race beyond the production or service capabilities of incumbent firms.
• E) All of these.

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Definitions:

Meanings

The significances, interpretations, or understandings assigned to symbols, words, or actions.

Emotions

Complex psychological states that involve physiological responses, subjective feelings, cognitive processes, and behavioral expressions.

Meaning Creation

involves the processes through which individuals or groups interpret and imbue their experiences, interactions, and symbols with significance.

Active Participants

are individuals who engage directly and deliberately in activities or processes, contributing to and influencing outcomes through their involvement.