Which of the Following Statements Is True of a Niche

question 11

Multiple Choice

Which of the following statements is true of a niche strategy?

• A)A niche strategy is most suitable for firms that have achieved economies of scale.
• B)A niche strategy requires business firms to reduce after-purchase service options.
• C)A niche strategy involves removing extra frills from products.
• D)A niche strategy is ideal for small companies with limited resources.

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Definitions:

Sounding Accusatory

Communicating in a manner that implies blame or wrongdoing towards someone.

Constructive Criticism

Feedback provided in a helpful way intended to lead to improvements or positive changes.

In Writing

Information or communication that is recorded in written form, as opposed to being verbally conveyed.

Promote Buy-In

The process of obtaining agreement or approval from stakeholders or team members, ensuring their support and commitment.