Examlex
Why do service firms not have inventory costs pertaining to items to be sold? What type of costs do they have?
Niche Strategy
A focused marketing approach targeting a specific, well-defined segment of the market, often with specialized products or services.
Product Differentiation
The method of making a product or service stand out from the competition in order to appeal more to a specific target group.
Narrow Market
A market segment characterized by a specific and often limited customer base, interests, or area of focus.
Cost Leadership
A competitive strategy where a company aims to become the lowest-cost producer in its industry or market.
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