The Extent to Which a Business Concentrates on a Narrowly

question 11

Multiple Choice

The extent to which a business concentrates on a narrowly defined market,it is called a(n) __________ strategy.

• A) Integration
• B) Market focus
• C) Formula facility
• D) Tightly managed decentralization

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Definitions:

Fluctuation

Variability or changes in a state, condition, or level, often seen in contexts like economics or physical measurements.

Need for Order

The intrinsic human desire for organization, structure, and predictability in one's environment and life.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Need for Achievement

A psychological drive that motivates individuals to accomplish goals and excel in their endeavors.