According to Michael Porter, a Firm Practicing a Niche Strategy

question 86

Multiple Choice

According to Michael Porter, a firm practicing a niche strategy:

• A) Has relative market share and emphasizes efficient-scale facilities
• B) Dominates a particular target market although its overall market share may be low
• C) Chooses high-growth markets while holding onto substantial mature markets
• D) Attempts to pioneer in product/market development
• E) Insulates itself from competitive rivalry by creating brand loyalty and the resulting lower sensitivity to price

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Definitions:

Uninucleated

Having only one nucleus per cell, characteristic of most human cells except for certain muscle cells and some fungi.

Striated

Having a striped appearance, often referring to skeletal muscle tissue characterized by cross-stripes.

Skeletal Muscle

Muscle tissue that is attached to bones and is responsible for voluntary movements of the body.

Voluntary

Actions or movements that are under conscious control, often referring to the contraction of skeletal muscles.