Targeting a particular segment of the industry for competition on a worldwide basis refers to

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Targeting a particular segment of the industry for competition on a worldwide basis is known as a global focus strategy. It involves concentrating on a narrow segment of the market and competing globally within that segment. This approach allows companies to differentiate themselves from competitors and become experts in their chosen segment, leading to a competitive advantage. Additionally, it allows companies to dedicate their resources in a focused manner, optimizing their ability to create value for their target customers.

Targeting a Particular Segment of the Industry for Competition on a Worldwide