A Company That Looks for a Niche in the Market

question 48

Multiple Choice

A company that looks for a niche in the market is following which strategy?

• A)Retrenchment
• B)Focus
• C)Differentiation
• D)Corporate

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Definitions:

Employee

A person who is hired by another person or business for a salary or wages to perform specific duties.

Confidential Information

Any data or information that is proprietary to a company and not to be shared with competitors or the general public.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in transactions with third parties.

Disclose

To reveal or make known information that was previously private or secret.