Question

The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The key to success is to find your niche and focus on it, regardless of what anyone else does." The CEO

a. realizes that he must understand competitors in order to predict their competitive actions and responses.
b. understands that he is the market leader in his niche and thus has a sustainable competitive advantage.
c. believes he has placed his firm in a slow-cycle industry where concerns about protecting unique competencies dominate concerns about market share.
d. realizes his firm has such lower resources than other competitors that his chain is "competitively invisible" to them.

Answer 1

The CEO of the Wholesome Food retail grocery chain believes that finding your niche and focusing on it is the key to success, and acknowledges the importance of understanding competitors and having a sustainable competitive advantage.

Step-by-step explanation:

The CEO of the Wholesome Food retail grocery chain, who specializes in organic and natural produce and meat, believes that the key to success is to find your niche and focus on it, regardless of what anyone else does. This means that the CEO understands the importance of understanding competitors in order to predict their competitive actions and responses. By focusing on their niche, the CEO acknowledges that they have a sustainable competitive advantage as the market leader in their specific area.