What Sets Focused (Or Market Niche)strategies Apart from Low-Cost Leadership

question 5

Multiple Choice

What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is

• A)the extra attention paid to top-notch product performance and product quality.
• B)their concentrated attention on a narrow piece of the overall market.
• C)greater opportunity for competitive advantage.
• D)their suitability for market situations where most industry rivals have weakly differentiated products.
• E)their objective of delivering more value for the money.

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Definitions:

Coerced

Forced to act or think in a certain way through pressure or threats.

Self-evaluation Trap

A psychological state in which an individual's constant self-assessment leads to negative feelings and a decrease in motivation or self-worth.

Feedback

Information given to an individual or group about their performance or behavior with the intention of improving future actions.

Scientific Management

A theory of management that analyzes and synthesizes workflows with the objective of improving labor productivity and economic efficiency.