A Company That Looks for a Niche in the Market

question 30

Multiple Choice

A company that looks for a niche in the market is following which strategy?

• A)cost leadership
• B)differentiation
• C)focus
• D)turnaround

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Definitions:

International Organization for Standardization

A worldwide federation of national standards bodies that develops and publishes a wide range of proprietary, industrial, and commercial standards.

Anti-Bribery Compliance Programs

Programs implemented by organizations to prevent bribery and comply with anti-bribery laws, including training and procedures to identify and mitigate risks.

Economic and Monetary Union

A type of trade bloc which combines an economic union with a monetary union, involving the adoption of a single currency among member countries.

EU

The European Union, a political and economic union of 27 member states that are located primarily in Europe, with its own legislative bodies to enact policies and laws applicable across member states.