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iragen [17]
3 years ago
14

When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?

Business
1 answer:
Lady_Fox [76]3 years ago
5 0

The answer to the missing word on the statement above is market focus. When a firm competes in a geographically defined specific are, it is using a market focus. For a business to be market-focused, you have to look outside the company for input and data essential to create strategic and tactical judgements. Market focus means you have to have a great deal of understanding your customers. It also means you have to know your competitors very well, and anticipate their next moves.

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