Which of the Following Would NOT Be a Characteristic of Niche

question 61

Multiple Choice

Which of the following would NOT be a characteristic of niche marketing?

• A)It is a flanking strategy.
• B)It is simply a buzzword for market segmentation.
• C)It essentially is way to engage competitors at their points of weakness.
• D)It can create a specific product through variations that help the product meet a specific niche's needs.
• E)It focuses on narrow windows of opportunity within a broad product market or industry.

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Definitions:

Budget Variance

Budget variance is the difference between the budgeted or planned amount of expense or revenue and the actual amount incurred or earned.

Standard Cost System

An accounting framework where predetermined costs are used for valuing inventories and measuring cost variances.

Volume Variance

Volume variance reflects the difference between the expected number of units produced or sold and the actual units produced or sold, impacting costs and revenue.

Budget Variance

The difference between the budgeted or planned amounts and the actual amounts incurred, used for financial analysis and control.