Which of the Following Statements Is True About a Niche

question 59

Multiple Choice

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

• A)​Only large companies can implement a niche strategy.
• B)Companies that adopt a niche strategy have only a small number of customers.
• C)Only the 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:

Tap Water

Water that is supplied to a tap (faucet), typically treated and safe for drinking and other domestic uses.

Plastic Bottles

Plastic bottles are containers made from polymers such as polyethylene terephthalate, widely used for packaging beverages and other liquids, posing environmental concerns due to their non-biodegradable nature.

Environmental Problems

Issues caused by human activities or natural processes that damage the natural environment or negatively affect people's health and quality of life.

Eutrophic Lakes

Bodies of water that are rich in nutrients like nitrogen and phosphorus, leading to excessive growth of algae and a decrease in oxygen levels.