When an organization remains with its core industry, this is an example of a ________ strategy.

Name: When an organization remains with its core industry, this is an example of a ________ strategy.
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Question

Quizplus · Accepted Answer

Concentration strategy involves focusing on a single business or industry in which the organization has expertise and experience. By remaining within its core industry, the organization can leverage its strengths, reduce risk, and achieve economies of scale in production and distribution.

When an Organization Remains with Its Core Industry, This Is