Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What happens to a firm when customer needs in a narrow market become similar to those of industry - wide customers? Rivals will look for

What happens to a firm when customer needs in a narrow market become similar to those of industry-wide customers?
Rivals will look for a low-cost position.
The market becomes less attractive to rivals.
The firm no longer provides unique value.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Text And Cases

Authors: Gregory Dess , Gerry McNamara , Alan Eisner , Steve Sauerwald

11th Edition

1264124325, 978-1264124329

More Books

Students also viewed these General Management questions