Asked by Sarah Bryan on Jun 28, 2024
Verified
Which of the following strategies is used when an organization tries to target a specific segment of the marketplace for its products or services?
A) The prospector strategy
B) The focus strategy
C) The analyzer strategy
D) The reactor strategy
Focus Strategy
A competitive strategy where a business targets a specific niche in the market, catering to the unique needs of its segment.
Marketplace
A physical or digital space where buyers and sellers interact to exchange goods, services, or information.
Target
An objective or goal that an individual or organization aims to achieve within a certain timeframe.
- Understand the model of adaptation in business strategies and how organizations align themselves with environmental conditions.
Verified Answer
Learning Objectives
- Understand the model of adaptation in business strategies and how organizations align themselves with environmental conditions.
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