Which type of strategy is designed to help an organization target a specific niche in an industry?
A) product supply
B) differentiation
C) focused
D) cost leadership

Question

Quizplus · Accepted Answer

A focused strategy is designed to help an organization target a specific niche in an industry. The organization concentrates its efforts on serving a narrow segment of the market, either by offering a unique product or service, a lower price, or a combination of both. This allows the organization to tailor its offerings to the specific needs and preferences of this niche, creating a competitive advantage over broader players in the market.

Which Type of Strategy Is Designed to Help an Organization