Almost Every Industry Includes Firms That Specialize in Serving Target

question 42

Multiple Choice

Almost every industry includes firms that specialize in serving target subsegments called market ________.

• A) niches
• B) mavens
• C) baskets
• D) indicators
• E) mixes

---

Definitions:

Super-Event

A significant occurrence or gathering with a large impact, often exceeding the scale and effects of typical events.

Total Shutdown

A situation where an organization ceases all operations, often due to economic challenges, natural disasters, or strategic decisions.

Expected Monetary Value

A quantified financial analysis technique used to predict the overall outcome of a decision under uncertainty by multiplying possible outcomes by their probabilities and summing those values.

Supplier Diversification

The strategy of sourcing materials or products from a variety of suppliers to reduce risk and increase reliability in the supply chain.