Which of the Following Is Characteristic of Companies That Embrace

question 33

Multiple Choice

Which of the following is characteristic of companies that embrace a niche market strategy?

• A) The strategy is often adopted by small companies with limited resources.
• B) The strategy is employed in a market segment that has low growth potential.
• C) The strategy is used to position the company as the long-term,low-cost competitor in an industry.
• D) The company typically removes frills and options from the product or service slated for its niche market.

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Definitions:

Socially Deprived Monkeys

Refers to monkeys that have been subjected to isolation or lack of social interaction, leading to extensive psychological and physical abnormalities, studied in ethology and psychology.

Mating Difficulty

Challenges or obstacles faced by individuals or species in finding a suitable partner for reproduction.

Fear or Aggression

Emotional or behavioral responses directed toward threats and challenges, potentially leading to defensive or offensive actions.

Abnormal Physical Development

Deviations from standard growth patterns and physical milestones, often signaling underlying health or genetic conditions.