A Potential Pitfall of a Focus Strategy Is That Over

question 75

True/False

A potential pitfall of a focus strategy is that over time the cost advantages in a narrow market niche can erode,leaving the company with little profit.

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Definitions:

Religious Rituals

Ceremonies or practices performed in accordance with the beliefs of a religion.

Superstitious Behavior

Actions performed based on irrational beliefs that certain outcomes can be influenced by specific, unrelated behaviors.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Obsessive-compulsive Disorders

Mental illnesses marked by an individual's engagement in repetitive thoughts and behaviors that are performed to alleviate anxiety or distress.