The Key Idea in Successful Nichemanship Is Specialization

question 37

Multiple Choice

The key idea in successful nichemanship is specialization. Which of the following specialists would most closely be identified with the characterization of being an organization that limits its selling to one customer?

• A) end-user specialist
• B) vertical-level specialist
• C) customer-size specialist
• D) specific-customer specialist
• E) quality-price specialist

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Definitions:

Pollution Abatement

involves measures and strategies implemented to reduce or eliminate pollution from various sources to protect the environment.

Society's Perspective

An approach or viewpoint considering the interests and well-being of society as a whole rather than focusing on individual or narrow interests.

Marginal Benefit

The enhanced pleasure or utility that comes from consuming an extra unit of a product or service.

Marginal Cost

The cost incurred by producing one additional unit of a product or service, crucial for decision-making in production levels.