Question

Pursuing a(n) _______ strategy makes sense if a firm has a valuable core competence that indigenous competitors in foreign markets lack.

Answer 1

A focused strategy makes sense if a firm has a valuable core competence that indigenous competitors in foreign markets lack.

Step-by-step explanation:

Pursuing a focused strategy makes sense if a firm has a valuable core competence that indigenous competitors in foreign markets lack. A focused strategy involves targeting a specific market segment or niche and tailoring products or services to meet the specific needs of that segment. By focusing on its core competence and catering to the unique needs of a specific market, a firm can gain a competitive advantage over its competitors.