A focus strategy must not include elements of differentiation and overall cost leadership in order to be successful.
Answer the following statement true (T) or false (F)
False
Focus strategies are often associated with small businesses because there is a natural fit between the narrow scope of the strategy and the small size of the firm. A focus strategy may include elements of differentiation and overall cost leadership, as well as combinations of these approaches. To be successful within a market niche, the key strategic requirement is to stay focused.
You might also like to view...
Lewisburg Corp had sales during the year of $15,000,000 and an average accounts receivable of $5,000,000 . Its accounts receivable turnover ratio is 0.33 times
a. True b. False Indicate whether the statement is true or false
±2.58 standard deviations describes the range in which 95% of the area underneath the curve is found
Indicate whether the statement is true or false
The responsibility report of Alejandro Garcia, the manager of one of the divisions of an auto parts manufacturing company, includes profits as well as return on investment and residual income. Alejandro is most likely the manager of a(n) ________.
A) investment center B) profit center C) cost center D) revenue center
A company that has days' sales uncollected of 30 days and days' sales in inventory of 18 days implies that inventory will be converted to cash in about 12 days.
Answer the following statement true (T) or false (F)