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What is the significance of product focus strategy? How it is different from repetitive focus?

User AGupta
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Final answer:

A product focus strategy involves concentrating on one or a few products, while repetitive focus involves focusing on a specific process and producing various products.

Step-by-step explanation:

A product focus strategy refers to a business strategy where a company concentrates its efforts on developing, producing, and selling a specific product or a small range of products that it excels in. This strategy allows the company to achieve a competitive advantage by becoming known for its expertise and specialization in those products.

On the other hand, repetitive focus is a strategy where a company focuses on a specific process or task and repeats it for different products. This strategy allows for more flexibility in producing a variety of products, but it may not lead to the same level of expertise and competitiveness as a product focus strategy.

User Pithhelmet
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