Identifying Novel Niches Is More Difficult Than Conventional Marketing or New

question 10

Multiple Choice

Identifying novel niches is more difficult than conventional marketing or new product development because:

• A)Novel niches demand more radical innovation.
• B)Segmentation provides limited insights.
• C)Novel niches require new knowledge.
• D)Consumer markets are different to business markets.

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Definitions:

Schizophrenia

A psychiatric disorder marked by significant disturbances in thought, perception, emotions, and behavior, often including psychosis.

Simplistic

Pertaining to an oversimplification, where something is made to seem easier or less complex than it really is.

Family-Oriented Therapy

A therapeutic approach that involves members of the family in the treatment process to address and improve dysfunctional family dynamics and relationships.

Assertive Community Treatment

An intensive and highly personalized approach to mental health care, aimed at people with severe and persistent mental illnesses to help them live independently in the community.