Red Carpet Inc

question 52

Multiple Choice

Red Carpet Inc.is a small apparel store started by an aspiring designer.The store needs to compete against larger,well-established multinational brands.Which of the following strategies will most help Red Carpet Inc.avoid competition from larger firms?

• A)Red Carpet Inc.should have multiple levels of management like the larger firms.
• B)Red Carpet Inc.should target large market segments that the competitors serve.
• C)Red Carpet Inc.should expand the scale of production to enjoy greater economies of scale.
• D)Red Carpet Inc.should start to work with customers only when the products are ready for sale.
• E)Red Carpet Inc.should focus on and target small market niches or product needs.

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Definitions:

Self-Congratulatory

Displaying or expressing undue praise for oneself or one's achievements, often perceived as bragging.

News Release

A document or recording aimed at news media personnel intended to announce something deemed to be of news value.

Positive Adjectives

Descriptive words that express a positive quality, attribute, or emotion.

Self-Congratulatory

Referring to the act of praising oneself excessively, often without acknowledgment of others' contributions or achievements.