Which of the Following Statements Is True of a Niche

question 75

Multiple Choice

Which of the following statements is true of a niche strategy?

• A) Only large companies can implement a niche strategy.
• B) Companies that adopt a niche strategy target a single market segment.
• C) Only companies that do not have competitors can adopt a niche strategy.
• D) Companies that adopt a niche strategy can only gain a price advantage over competitors.

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Definitions:

Bilateral Trade Surpluses

The condition where a country has a positive trade balance (exports exceed imports) with another specific country.

Imposes a Tariff

The action by a government to establish a tax on imported or, occasionally, exported goods.

Korean Imports

Goods and services bought by residents of a country from Korea, which could include electronics, vehicles, and other products.

U.S. Market

The economic environment for buying and selling goods and services within the United States, encompassing all activities of production, promotion, and distribution.