Focusing Provides the Ability to Secure a Competitive Edge,but It

question 48

Multiple Choice

Focusing provides the ability to secure a competitive edge,but it also carries some risks that will be detrimental to the focused firm,such as

• A) the chance that competitors will not find effective ways to match the focused company's capabilities in serving the market niche.
• B) the potential for the preferences and needs of niche members to shift over time toward mainstream provider product attributes.
• C) the potential for the niche to become so attractive that it will not attract new competitors,thereby providing excessive market segment profits.
• D) the likelihood that a focused company will become so cost efficient that it will achieve excessive profits.
• E) None of these are risks worth worrying about.

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Definitions:

Coordination

The ability to use different parts of the body together smoothly and efficiently or to organize effectively among groups.

Cerebellum

A part of the brain located at the back of the skull that is responsible for coordinating and regulating muscular activity.

Equilibrium

A state of balance or stability, where different elements are in the correct proportions or relation to each other.

Temperature Regulation

The physiological and behavioral processes by which living organisms maintain their body temperature within a certain optimal range, despite external temperature changes.