Which of the following is an advantage of a company following a focused strategy?Companies following the focused differentiation strategy can charge very high prices.Damaging attacks never comes from larger firms.The companies are protected from the damaging attacks of smaller firms that adopt an even narrower focus.Companies following the focused differentiation strategy never have their growth stymied irrespective of thefact that they serve a niche market.The niche that is an area of operation of one company cannot be made to disappear or be taken over by largercompetitors.

As the name suggests, in a focused differentiation strategy, the company focuses on a very narrow…

Answered: Which of the following is an advantage…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A marketing plan may be included as part of a larger business plan. A solid marketing strategy is the foundation of a well-written marketing plan that will allow goals to be met. While a marketing plan contains a list of actions, it is useless to a business without a solid strategic foundation. The marketing plan will assist in determining who the target market is, the best way to reach them, the price point at which the product or service should be sold, and how the company will measure its efforts. Construct a marketing plan for your organization using marketing model canvas.
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