Which of the Following Would Best Benefit the Development of Niche

question 173

Multiple Choice

Which of the following would best benefit the development of niche marketing?

• A)a decline in the cost of advertising on radio and newspapers enabling firms to more efficiently reach a wide audience
• B)a Supreme Court ruling that limits the market share individual firms in a market are allowed to serve
• C)a growing acceptance of free trade agreements such as NAFTA
• D)a manufacturing improvement enabling firms to more efficiently design and produce specialized products for small groups of consumers

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Definitions:

Financial Costs

The direct monetary expenses incurred by a company in producing, maintaining, and selling a product or service.

Transactional Functions

Activities involved in the buying and selling process that facilitate the exchange of goods and services between buyers and sellers.

Sorting

The process of organizing items into categories or groups according to specific criteria, often used in inventory and distribution management.

Transporting

The process of moving goods or materials from one location to another, crucial for supply chain and distribution operations.