The Network Model Is Similar to the Hierarchical Model Because

question 53

True/False

The network model is similar to the hierarchical model because records are organized in the same way.

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Definitions:

Niche Markets

Segmented parts of a broader market defined by unique preferences, characteristics, or needs of a specific group of customers.

Sustainable Competitive Advantages

Long-term attributes or capabilities that allow a company to outperform its competitors.

Strategic Business Units

An autonomous division within a larger parent company that focuses on a specific market sector or product line.

Market Share Opportunities

Potential avenues for a business to increase its proportion of total sales in a particular market compared to its competitors.