The focus strategy depends on creating value for the customer either by being the low cost producer or by differentiating the product or service in a unique fashion,but doing it in a narrow target segment.

Question

Quizplus · Accepted Answer

The statement correctly defines the focus strategy as depending on creating value for a narrow target segment by being a low cost producer or by differentiating the product/service in a unique manner.

The Focus Strategy Depends on Creating Value for the Customer