asked 153k views
3 votes
A__________is the positioning strategy of using cost leadership or differentiation to produce a specialized product or service for a limited, specially targeted group of customers in a particular geographic region or market segment.

asked
User Jim Rush
by
8.8k points

1 Answer

4 votes

Answer:

A focus strategy is the positioning strategy of using cost leadership or differentiation to produce a specialized product or service for a limited, specially targeted group of customers in a particular geographic region or market segment.

Step-by-step explanation:

Based on Porter's positioning strategies, a focus strategy is concerned with the identification of a niche. The company will then produce while focusing on satisfying that niche's needs. The company's market will be, therefore, narrowed down to a specific group based on characteristics such as the group's age, geographical location, or preferences etc. The product the company will offer is unique because it is tailored for that niche.

answered
User Adam Freeman
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.