A Niche Strategy Is Indicated When

question 49

Multiple Choice

A niche strategy is indicated when:

• A)a firm holds a relatively strong competitive position in the market at the start of the decline.
• B)future market decline is certain but likely to occur at a slow and steady rate.
• C)the future direction of market decline is difficult to predict.
• D)one or more segments will remain or decay slowly in an overall market that is rapidly declining.

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Definitions:

Cross-Functional Project Team

A group composed of members from different departments or areas of expertise working together towards a common project goal.

External Coordination

The process of aligning activities, efforts, and strategies with entities or organizations outside one's own to achieve collective goals.

Interdependence

The mutual reliance or dependence between individuals or groups, where actions or outcomes for one party affect the other.

Explicit Strategy

A clearly defined plan of action designed to achieve a specific goal or set of objectives, which is articulated in a direct and unambiguous manner.