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Homework answers / question archive / New-market creation emphasizes capabilities that _____
New-market creation emphasizes capabilities that _____.
A) consolidate the competition
B) eliminate the competition
C) eclipse the competition
D) meet the competition head on
The correct answer is A) consolidate the competition .
Reason: The new-market creation refers to finding a new or fresh market space by introducing new products or making changes in the existing products. The consolidation means combining many things into a single item to become more effective and compete in the new market with new skills and capabilities.
The strategic groups are formed in the new market space in which a group of business firms in an industry adopts similar strategies gets consolidated and compete effectively with other firms. The consolidation capabilities are focused on new-market creation.