Looking for a Vacant Niche Helps a Company Determine

question 89

Multiple Choice

Looking for a vacant niche helps a company determine

• A) its advertising budget.
• B) the size of the marketing department.
• C) the best place to position a product.
• D) the best place to locate a new facility.
• E) its projected R&D expenditures.

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Definitions:

Continuous Improvement

An ongoing effort to enhance products, services, or processes, often involving incremental and breakthrough improvements.

Offshoring

The business practice of sending jobs to other countries.

Labor Costs

The total expenditures incurred by an employer for the compensation of its workforce, including wages, benefits, and other related expenses.

Productivity

The measure of efficiency in which products, goods, or services are created or delivered compared to the input needed to produce them.