Final answer:
Michael Porter identified focus strategies as one of the strategies for successfully competing in the marketplace. The correct answer is D) Focus.
Step-by-step explanation:
Michael Porter identified focus strategies as one of the strategies for successfully competing in the marketplace.Focus strategy involves targeting a specific market segment or niche and tailoring products or services to meet the needs of that segment. By focusing on a specific target audience, companies can differentiate themselves and create a competitive advantage.
For example, luxury brands like Rolex and Ferrari use focus strategy by targeting affluent consumers who are willing to pay a premium for exclusive and high-quality products.