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A focused low - cost strategy can lead to attractive competitive advantage when a market is emerging and demand in the target market niche is

A focused low-cost strategy can lead to attractive competitive advantage when
a market is emerging and demand in the target market niche is growing rapidly and is served by industry-wide competitors.
buyers are looking for the best value at the best price.
a firm can lower costs significantly by limiting its customer base to a well-defined buyer segment.
buyers are price sensitive and are attracted to brands with low switching costs.
buyers are looking for a budget-priced product.

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