Unlike a Product/service Differentiation Competitive Strategy, a Niche Strategy

question 73

Multiple Choice

Unlike a product/service differentiation competitive strategy, a niche strategy:

• A)is suitable for small companies with limited resources.
• B)is opted in a market segment that has low growth potential.
• C)aims at being the low-cost competitor in an industry.
• D)removes frills and options from a product or service.

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Definitions:

Internal Motivation

The drive to act or accomplish tasks based on personal satisfaction and intrinsic rewards rather than external incentives.

Stereotypes

Oversimplified, fixed ideas or perceptions about a group of people or things.

Freud's Gender Identification Theory

A concept proposed by Sigmund Freud that describes the process by which individuals identify with their gender through the resolution of the Oedipus or Electra complex during the phallic stage of psychosexual development.

Gender-typing

The process by which individuals learn to conform to societal norms and expectations associated with their biological sex.