Successful Business Concepts

What do successful firms focus their efforts on?

a. Providing minimal core value
b. Satisfying customer needs that competitors have tried and failed to satisfy
c. Satisfying needs that are easiest to satisfy
d. Matching their core competencies

Answer:

Successful firms focus their efforts on satisfying customer needs that match their core competencies.

Successful firms understand the importance of focusing on customer needs that align with their core competencies. By doing so, they are able to provide value to their customers while leveraging their strengths to stay ahead of the competition.