Firms with a focused strategy:
A) cannot be adopted with a low-cost strategy.
B) focus on a narrow segment of the market.
C) cannot be adopted with a differentiation strategy.
D) try to serve a geographic region, often with many products.

Question

Quizplus · Accepted Answer

Firms with a focused strategy aim to serve a narrow segment of the market with a specific product or service. This strategy differs from low-cost strategy and differentiation strategy in that it does not try to compete on low price or unique features, but instead targets a specific customer group with tailored offerings.

Firms with a Focused Strategy