Which of the Following Is True About Market Nichers

question 146

Multiple Choice

Which of the following is true about market nichers?

• A) They are market followers in small markets.
• B) They tend to have high manufacturing costs.
• C) Their return on investment exceeds that in larger markets.
• D) A nicher achieves high volume as against a mass marketer that achieves high margin.
• E) They usually experience long-term losses.

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Definitions:

Limiting Resource

A resource that is in shortest supply, thus limiting the growth, abundance, or distribution of an organism or a population of organisms.

Resource Partitioning

The process by which competing species use the environment differently in a way that helps them to coexist.

Competitive Exclusion

A principle in ecology that states two species competing for the same limited resource cannot coexist at constant population values, one will always outcompete the other.

Competition

The interaction between organisms or species, where the fitness of one is lowered by the presence of another.