Which of the Following Indicates a Niche Strategy

question 74

Multiple Choice

Which of the following indicates a niche strategy?

• A) strict concentration on a single market segment
• B) concentration on multiple products
• C) concentration on multiple products for the total market
• D) selling to many geographical regions

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Definitions:

Single-Price Monopolist

A monopolist who charges all consumers the same price for goods or services, regardless of production cost or demand differences.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Average Cost Price

The average cost price is the total cost of production divided by the number of units produced, showing the average expense for each unit.

Profit or Loss

The financial outcome of an enterprise's operations, where profit results from revenues exceeding expenses and loss occurs when expenses surpass revenues.