The __________ strategy involves competing in a specific industry niche by serving the unique needs of certain customers or a specific geographic market.
A) focused differentiation
B) focused cost leadership
C) broad
D) specialized

Question

Quizplus · Accepted Answer

The focused differentiation strategy involves targeting a specific market niche and catering to the unique needs of customers within that niche, often by offering specialized products or services that distinguish the company from competitors.

The __________ Strategy Involves Competing in a Specific Industry Niche