Which of the Following Should Be Done to Avoid the Pitfall

question 41

Multiple Choice

Which of the following should be done to avoid the pitfall of "no market niche" (segment) ?

• A)Conduct a market analysis.
• B)Analyze the expected needs of the new business.
• C)Clearly target a niche.
• D)Create a market niche.

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Definitions:

Latent Ties

Potential relationships or connections within a social network that are not currently activated but can be mobilized when needed.

Monetization

The process of converting something into revenue, often used in the context of earning money from websites, apps, or other digital assets.

Social Object Theory

A concept suggesting that social relations and interactions are organized around objects, such as shared interests or digital content.

Word-of-mouth Communications

Informal conversations consumers have about products, services, or brands, which can significantly influence perceptions and buying behaviors due to their personal and trustworthy nature.