Ask Question
BusinessBusiness
27 April, 20:27

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 serving the needs of buyers in a narrow piece of the overall market

C. Greater opportunity for competitive advantage

+4
Answers (1)
  1. 27 April, 20:34
    0
    Their concentrated attention on serving the needs of buyers in a narrow piece of the overall market

    Answer: Option B.

    Explanation:

    There are certain strategies which the producer might keep in mind so that they can maintain a position in the market when there is competition at such a high level.

    Some of such policies and strategies are the low cost strategy where the focus is on reducing the price of the production of the goods. The producer should also focus on keeping a track of need of the consumers so that the production is according to that to meet the needs.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is A. The extra ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Student involvement in afterschool activities that are not part of a class or an academic requirement is known as
Answers (1)
According to the product life-cycle theory, the locus of global production initially switches from the United States to other advanced nations and then from those nations to developing countries.
Answers (1)
Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If the bank lends the maximum amount of money allowed, then the checkable deposits (including the original deposit) increase by: a) $20 b) $100 c) $500 d) $1,000
Answers (1)
What is the different between economic profit and accounting profit
Answers (1)
Monty Corp. receives $180,000 when it issues a $180,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2019. The terms provide for annual installment payments of $30,000 on December 31.
Answers (1)
New Questions in Business
Inventories are part of investment and therefore included in gdp because
Answers (1)
7. The constant growth model can be used to value the stock of firms that have which type (s) of dividends? A. Dividends that change by either a constant amount or a constant rate B.
Answers (1)
A company's beginning Work in Process inventory consisted of 29,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 104,400 units were started during the current period.
Answers (2)
The credit terms, 2/15, n/30, indicate that a: Multiple Choice two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.
Answers (1)
Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own? A. manufacturing B. merchandising C. service D. wholesale
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?