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Lauren Sterneman
on Oct 17, 2024

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The greatest disadvantage of the focused strategy is

A) customers become knowledgeable
B) lack of repeat buyers
C) availability of a singular organization design
D) the customer niche may shift toward a broader market

Focused Strategy

A business approach that targets a particular market niche or demographic with tailored products or services.

Customer Niche

A focused, targetable portion of a market by which specific products or services are marketed to meet the unique demands of its audience.

Broader Market

Refers to a wide and diverse range of buyers and sellers in an extensive market beyond niche or specific industry segments.

  • Recognize the risks and disadvantages associated with focused and low-cost strategies.
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AC
alexandria curatoloOct 20, 2024
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