A focus strategy seeks to exploit core competencies:
A)by serving the needs of a certain industry segment
B)on an industry-wide basis
C)by servicing several professions
D)by servicing one particular corporation within a given industry

Question

Quizplus · Accepted Answer

A focus strategy seeks to target a certain industry segment by utilizing the company's core competencies to meet their needs better than competitors who serve a broader market. The goal is to achieve a competitive advantage by providing specialized products or services. Therefore, option A is the best choice. Options B, C, and D are not accurate as they do not align with the definition of a focus strategy.

A Focus Strategy Seeks to Exploit Core Competencies