A company pursuing a focused differentiation business model
A)manufactures products for a generic consumer market.
B)typically has little competition.
C)specializes in making products for one or two market segments.
D)is likely to enjoy monopoly-like status in its industry.
E)bases its strategy on low costs.

Question

Quizplus · Accepted Answer

A company pursuing a focused differentiation business model specializes in making products for one or two market segments. This allows the company to differentiate their products from competitors and target a specific customer base. It does not necessarily mean there is little competition or that the company enjoys monopoly-like status in its industry. Additionally, the strategy is not based on low costs but rather on offering unique, high-quality products that customers are willing to pay a premium for.

A Company Pursuing a Focused Differentiation Business Model