Which of the Following Statements Is True of a Niche

question 34

Multiple Choice

Which of the following statements is true of 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:

Consistency

The quality of always acting or behaving in the same way, leading to predictable and reliable outcomes or performances.

Conditioned Response

A learned reaction to a specific stimulus that occurs after repeated exposure to that stimulus.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention; in conditioning, it becomes associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.