Which of the following best describes the foothold strategy?
A) It refers to the idea of creating a new, untapped market rather than competing with rivals in an existing market.
B) It involves combining ideas from existing businesses in order to create a new business.
C) It involves introducing a lower-end brand to protect the firm's market share without devaluating the firm's existing brands.
D) It involves a firm intentionally establishing a small position within a market in which it does not yet compete.
E) Such a strategy conflicts with, and threatens to replace, traditional approaches to competing within an industry.
Correct Answer:
Verified
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