Which of the Following Actions Is Associated with a Niche

question 30

Multiple Choice

Which of the following actions is associated with a niche strategy?

• A)Choosing a target market that is not crucial to the success of major competitors
• B)Manufacturing products in bulk and targeting average customers
• C)Selling products without extra frills or options
• D)Creating cross-departmental teams across all the strategic business units

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Definitions:

Public Policy

Principles and standards considered by the government to be of benefit to the community and used as a guide for legislative action.

Noncompetition Clauses

Provisions in employment contracts that prevent employees from entering into competition with their employer for a certain period after leaving the company.

Public Policy

Principles and standards accepted by the majority of citizens and used by legislators, judges, and public officials to guide their actions and decisions.

Illegal Contract

An agreement between parties that is prohibited by law or public policy, rendering it unenforceable.