Which of the Following Examples Illustrates a Niche Strategy

question 7

Multiple Choice

Which of the following examples illustrates a niche strategy?

• A)Libra Inc., a motor company, using new production techniques to achieve economies of scale
• B)Alpha Electronics deciding to dissolve one of its strategic business units
• C)Venus Inc. selling products similar to the ones available in the market
• D)Relish, a confectionery store, selling handcrafted chocolates in only one city

---

Definitions:

Entrepreneurial Leadership

A leadership style characterized by innovation, risk-taking, and the exploitation of opportunities, often utilized in shaping new businesses or ventures.

Adaptive Leadership

A leadership approach focusing on encouraging and facilitating adaptation to changing environments or challenges.

Supportive Leadership

A style of leadership that involves offering encouragement, feedback, and resources to team members to foster an environment of trust and help individuals achieve their goals.

Participative Leadership

A leadership style where the leader involves team members in the decision-making process, fostering collaboration and team engagement.