Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
Bartleby Related Questions Icon

Related questions

Question
Which of the following is an advantage of a company following a focused strategy?
Companies following the focused differentiation strategy can charge very high prices.
Damaging attacks never comes from larger firms.
The companies are protected from the damaging attacks of smaller firms that adopt an even narrower focus.
Companies following the focused differentiation strategy never have their growth stymied irrespective of the
fact that they serve a niche market.
The niche that is an area of operation of one company cannot be made to disappear or be taken over by larger
competitors.
expand button
Transcribed Image Text:Which of the following is an advantage of a company following a focused strategy? Companies following the focused differentiation strategy can charge very high prices. Damaging attacks never comes from larger firms. The companies are protected from the damaging attacks of smaller firms that adopt an even narrower focus. Companies following the focused differentiation strategy never have their growth stymied irrespective of the fact that they serve a niche market. The niche that is an area of operation of one company cannot be made to disappear or be taken over by larger competitors.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.