True or False: It's usually a good idea for firms to try to appeal to all potential buyers in a market, because customer variety leads to full capacity

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Business

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8 August, 17:36

True or False: It's usually a good idea for firms to try to appeal to all potential buyers in a market, because customer variety leads to full capacity

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Aron · Answer 1

In the current economy when companies can ship their goods all over the world and the competition is huge, a better strategy might be to specialize on some part of the market and to convince this part of the market that this is the best product for them, so I would say that the statement is false!