Solved

Focusing Provides the Ability to Secure a Competitive Edge but Also

Question 53

Multiple Choice

Focusing provides the ability to secure a competitive edge but also it carries some risks that will be detrimental to the focused firm,such as


A) the chance that competitors will not find effective ways to match the focused company's capabilities in serving the market niche.
B) the potential for the preferences and needs of niche members to shift over time toward mainstream provider product attributes.
C) the potential for the niche to become so attractive it will not attract new competitors thereby providing excessive market segment profits.
D) the likelihood that a focused company will become so cost efficient it will achieve excessive profits.
E) None of these are risks worth worrying about.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents