A Narrow-Scope Market Strategy

question 45

Multiple Choice

A narrow-scope market strategy: 

• A) does not provide the entrepreneur an opportunity to build up specialized knowledge and expertise.
• B) provides substantial protection against competitors.
• C) is like putting all your eggs in one basket.
• D) can be thought of as taking a "portfolio" approach to dealing with uncertainties.

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Definitions:

Net Operating Income

The profit generated from a company's operational activities, excluding non-operational revenues and expenses.

Flexible Budget

An evolving budget that adjusts to differences in volume or the degree of activity.

Tenant-Days

A metric used in real estate to measure the total number of days tenants occupy a space, often used in the management of rental properties.

Net Operating Income

The profit generated from a company's normal business operations, calculated as revenues minus operating expenses, excluding interest and taxes.