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Lilit [14]
1 year ago
7

The basis of strategic position through serving few needs of many customers is known as:_____.

Business
1 answer:
rosijanka [135]1 year ago
8 0

Strategy is the basis of a strategic position by serving only a few needs of many customers.

When there is a creation of a unique & valuable position it is called strategy. This strategic position can be developed through three sources. The first one is many customers and few needs. The second one is by having few customers and broad needs. The third one is by having many customers and broad needs.

A type of competing for the strategic position in strategy is known as Trade-Offs competing. The trade-Off competition requires the company to focus only on a few compatible strategies. Under this method, the company will not follow more strategies that are general but focus its attention only on a strategy that is specific. So the company will try to implement a system that is independent and different and reinforces each of its activities.

Learn more about strategies here:

brainly.com/question/6748878

#SPJ4

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