Due to the Internet,firms That Use a Focus Strategy Have

question 23

Multiple Choice

Due to the Internet,firms that use a focus strategy have new opportunities to _________.

• A) respond quickly to customer requests
• B) provide more services and features
• C) access niche markets in a highly specialized fashion
• D) access markets less expensively

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Definitions:

Harvest

The stage when the owner removes him or herself from the business. Harvesting a business can be thought of as picking the fruit after years of labor.

Small Business Owner

An individual who owns and operates a business of small size, defined by its revenue, assets, or number of employees, often playing a hands-on role in its operations.

Financial Records

Documents that track the financial activities and condition of a business, including income statements, balance sheets, and cash flow statements.

Small Business Manager

An individual responsible for overseeing the operations, strategies, and personnel of a small business, ensuring efficiency and profitability.