Which of the following holds true for companies following the focused differentiation strategy?
A)The niche that is an area of operation of one company cannot be made to disappear or be taken over by larger competitors.
B)Companies following the focused differentiation strategy can charge very high prices.
C)Companies following this strategy depend on their ability to reduce the price to drive competition out of the market.
D)Damaging attacks do come not from larger firms.
E)Companies following the focused differentiation strategy

Question

Quizplus · Accepted Answer

Companies following the focused differentiation strategy can charge very high prices as they are offering unique products or services to a specific niche market. This allows them to differentiate themselves from competitors and charge a premium price.

Which of the Following Holds True for Companies Following the Focused