Question

The main advantage of __________ is specialization, as it allows the firm to focus its resources toward understanding and serving a single segment.a. focused marketingb. multisegment marketingc. unidimensional marketingd. market concentratione. mass marketing

Answer 1

Answer:

market concentration

Explanation:

Market Concentration in finance can also be reffered to as " Seller Concentration" it can be explained as how the firms has shares in the total market, it is used to expressed how dominant a smaller firm is in the total market.

Market concentration has some advantages but it's main advantage is specialization, as it allows the firm to focus its resources toward understanding and serving a single segment.