Question

Strategic position emerges from three sources: Multiple Choice (1) low-profit margin, many customers; (2) no needs, many customers; and (3) broad needs, few customers. (1) few needs, many customers; (2) broad needs, few customers; and (3) broad needs, many customers. (1) no needs, many customers; (2) broad needs, few customers; and (3) broad needs, many customers. (1) high profits, many customers; (2) low profits, few customers; and (3) broad needs, many customers. (1) high-profit margin, few customers; (2) few needs, many customers; and (3) broad needs, few customers.

Answer 1

1) few needs, many customers; (2) broad needs, few customers; and (3) broad needs, many customers

Explanation:

Strategy refers to the plans that are followed by an organisation in achieving its objectives. Strategic positioning is very important for the growth of a company. The effect of the strategic plans with the internal competencies and the resources, external environment and the stakeholder's influence.

The strategic positioning becomes effective when an organisation takes all its strength and weakness, the customers and the market needs, the position that is being held by its competitors. It emerges from few needs, many customers; broad needs, few customers; and broad needs, many customers.