When a Company Recognizes That the Needs of One Market

question 61

Multiple Choice

When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product offerings, it is said to be pursuing:

• A)stuck-in-the-middle strategy.
• B)rapid-growth strategy.
• C)differentiation strategy.
• D)focus strategy.
• E)low-cost strategy.

Understand the impact of productivity on organizational performance and cost-effectiveness.

Learn the strategies to overcome resistance to change for enhancing productivity.

Understand the concept and calculation of the average rate of return on equipment investment.

Identify key sources of financial and operational information such as budget reports.

---

Definitions:

Instantaneous Reply

A response given immediately without delay, often in the context of digital communication.

Voicemail

An electronic system that allows messages to be stored and retrieved later by the intended recipient.

Systematic Sensitization

A therapeutic process designed to gradually expose an individual to a feared stimulus to decrease their anxiety response.

Cognitive Mechanics

Refers to the underlying biological processes related to brain function, such as processing speed, attention, memory, and problem-solving abilities.