A Niche Competitive Advantage Is a Company's Ability to Target

question 59

True/False

A niche competitive advantage is a company's ability to target and effectively serve a single segment of the market within a limited geographic area.

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Definitions:

Periodic Tenancy

A leasehold interest in property that continues for successive periods (e.g., month-to-month, year-to-year) until terminated by either party.

Eviction Action

A legal process initiated by a landlord to remove a tenant from a property due to violations of the rental agreement.

Prior Renter

An individual who previously rented or leased a specific property or item before the current occupant or user.

Implied Warranty of Quiet Enjoyment

A legal doctrine ensuring tenants can use their rented space without interference from the landlord.