When a Firm Chooses One Particular Segment on Which to Focus

question 69

True/False

When a firm chooses one particular segment on which to focus all its efforts,the firm is using a concentration strategy.

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Definitions:

Death

The cessation of all biological functions that sustain a living organism, marking the end of its life.

ERISA

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.

Acronym

A word formed from the initial letters of other words.