To succeed when pursuing a ________,there must be significant differences among the firm's target customers or among geographical segments of its customers.
A) focus strategy
B) global strategy
C) leveraged strategy
D) competitive strategy

Question

Quizplus · Accepted Answer

A focus strategy involves targeting a specific market segment or niche. To succeed with this strategy, there must be significant differences among the firm's target customers or among geographical segments of its customers. This allows the firm to tailor its products or services to meet the specific needs of that segment and differentiate itself from competitors. A global strategy would involve operating in multiple countries and may not necessarily require significant differences among customers. A leveraged strategy involves using debt to finance growth and a competitive strategy focuses on outperforming competitors.

To Succeed When Pursuing a ________,There Must Be Significant Differences