Questions: Select all that apply When pursuing a concentration strategy, which of the following activities does a company emphasize? (Select all that apply.) joint ventures maintaining skill levels retaining skilled staff product development

The answer is:

• Maintaining skill levels
• Retaining skilled staff
• Product development

A concentration strategy typically focuses on enhancing a company's existing capabilities and market presence rather than expanding through partnerships or collaborations like joint ventures. Joint ventures are more aligned with diversification or expansion strategies.

This is crucial in a concentration strategy as it ensures that the company continues to perform efficiently and effectively in its core areas. By maintaining skill levels, a company can improve its competitive advantage and operational excellence.

Retaining skilled staff is essential in a concentration strategy because it helps maintain the company's expertise and knowledge base, which are critical for sustaining and enhancing its core competencies.

Product development is a key activity in a concentration strategy as it involves improving or expanding the company's existing product lines to better meet customer needs and increase market share within its current markets.