What are focus strategies ?

CS Executive · Financial and Strategic Management · PYQS · December 2019
What are focus strategies ?
(A) When a company focuses on supplying differential products which appeal to different market segments
(B) Where a company chooses to concentrate on only one market segment or a limited range of segments
(C) Where a company focuses on achieving lower costs than its rivals so as to compete across a broad range of market segments
(D) When a company conducts market research through focus groups to determine how their strategy should be shaped

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Strategic Management

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