What sets focused (or market niche)strategies apart from low-cost leadership and broad differentiation strategies is
A)the extra attention paid to top-notch product performance and product quality.
B)their concentrated attention on a narrow piece of the overall market.
C)greater opportunity for competitive advantage.
D)their suitability for market situations where most industry rivals have weakly differentiated products.
E)their objective of delivering more value for the money.

Question

Quizplus · Accepted Answer

Focused strategies differentiate themselves by concentrating on a specific segment or niche of the market. They do not necessarily prioritize product performance/quality, opportunity for competitive advantage, suitability for weakly differentiated markets, or delivering more value for the money.

What Sets Focused (Or Market Niche)strategies Apart from Low-Cost Leadership