In porter's generic competitive strategies, <u>focus strategy </u>and <u>overall cost</u> <u>leadership </u>strategy combines a focus on a total market scope and a competitive cost advantage respectively.
<h3>What is focus strategy?</h3>
A focus strategy is a competitive tactic used to target marketing and sales at a certain market niche. Utilizing underserved or untapped markets is the goal of this technique.
While many rivals want to reach as many clients as possible with their sales, a focus approach chooses one or more certain categories. It gains an advantage by providing that sector with either high quality or low cost. These actions may improve client loyalty.
There are primarily two categories of focus strategies. One aspires to outperform the competition by cost leaders, while the other wants to succeed by differentiation itself.
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Answer:
True
Explanation:
Before a consumer makes a decision to buy a product, several factors can affect him. Two distinct factors are the attitude of others and unexpected situational factors. When the customer notices that a lot of people around him have a negative disposition or opinion about a product, they are likely to be discouraged from buying that product.
This is even more likely to happen if the consumer lacks enough motivation to buy that product. So the attitude of others can affect the buyer's intention which is his motivation and the final decision to purchase that product.
Answer:
b. Individual business enterprises, rather than to industries or an economy as a whole or members of the society as consumers
Explanation:
Financial statements provide information pertaining to
A : an economy as a whole and members of society as consumers, rather than to individual enterprises or industries.
B. Individual business enterprises, rather than to industries or an economy as a whole or members of the society as consumers
C. Individual business enterprises, industries and an economy as a whole or members of the society as consumers
D. Business Industries rather than Individual business enterprises or an economy as a whole and members of society as consumers.
ANSWER
Financial statement by their definition are written reports that communicate the business activities that a firm engages in, and the financial performance of those activities and of the entire company.
From the above definition it is very understandable that financial statements are more pertained to business enterprises than industries or members of the society. It in no way pertains to the economy
B. is spread among many people who may or may not even know each other<span>
</span><span>Hope this helps!</span>
True it can. just depends on the product/ services it offers