Final answer:
Michael Porter's Focus strategy is the one that enables organizations to achieve a cost advantage by concentrating on a specific market segment. It encourages firms to leverage their core competencies within a niche to outperform competitors, which aligns with the pattern of success seen in businesses that specialize rather than diversify.
Step-by-step explanation:
The strategy identified by Michael Porter that helps organizations concentrate on a specific market segment to achieve a cost advantage is the Focus strategy. This strategy entails narrowing the scope of a company's market to target a specific segment, which can lead to specialization and economies of scale within that niche.
By concentrating efforts on a particular area, a business can reduce costs and provide more value, thus gaining a competitive edge over rivals that may have a broader focus.
The success of this approach is often seen in businesses that hone in on their core competencies, which can lead to more successful outcomes than trying to cater to a wide array of products or services.
The Focus strategy aligns with the idea that firms specializing in a limited scope can achieve better performance through tailored operations and marketing efforts that resonate with a specific consumer group.
Therefore, the correct answar is C) Focus strategy