Firms using a focused strategy attempt to achieve either a cost advantage or differentiation in a defined market segment.

Name: Firms using a focused strategy attempt to achieve either a cost advantage or differentiation in a defined market segment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms using a focused strategy aim to excel in a particular market segment either by offering products or services at lower costs than competitors or by differentiating their products from others in the market.

Firms Using a Focused Strategy Attempt to Achieve Either a Cost