Key to being successful with pursuing a cost focus strategy, Other Management

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Key to being successful with pursuing a cost focus strategy

Question: The focus strategy focuses on the niche markets. The companies that tend to frequently use this strategy have a full understanding of that market and the unique needs of the customers in that market. Which of the following are key to being successful with pursuing a cost focus strategy? (Choose 2) Adopt the JIT production Reduce the cost across the value chain by engaging with specialist suppliers Eliminate the JIT production Decrease investments in technology

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