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:

Gordon Allport

An American psychologist known for his work in personality theory and for emphasizing the importance of individuality and personal growth.

Openness

A personality trait that refers to the extent to which an individual is open to experiencing a variety of activities, engaging in novel experiences, and demonstrating curiosity and creativity.

New Activities

Tasks or experiences that are novel or unfamiliar to an individual, offering opportunities for learning and growth.

Relatively Stable

Describes something that remains largely unchanged over time or under different conditions.