Examlex
The process of selecting one stimulus or task to focus on and ignoring or minimizing others is called ____________.
Niche Category
A specialized segment of the market for a particular kind of product or service.
Hybrid Strategy
A competitive business strategy that combines elements of cost leadership and differentiation strategies, aiming to provide high value at a lower cost.
Customer Focus
A business orientation that prioritizes the needs and requirements of customers in product development and service delivery.
Cost Leadership
A strategy where a company aims to become the lowest cost producer in the industry to gain competitive advantage.
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