Which One of the Following Does NOT Represent Market Circumstances

question 62

Multiple Choice

Which one of the following does NOT represent market circumstances that make a focused low-cost or focused differentiation strategy attractive?

• A) when the target market niche is big enough to be profitable and offers good growth potential
• B) when the industry has many different segments and market niches, thereby allowing a focuser to pick an attractive niche suited to its resource strengths and capabilities
• C) when it is costly or difficult for multisegment competitors to meet the specialized needs of the target market niche and at the same time satisfy the expectations of their mainstream customers
• D) when industry leaders have chosen not to compete in the niche
• E) when buyers are not strongly brand loyal and a large number of other rivals are attempting to specialize in the same target segment

Identify government failure and its causes.

Understand the impact of public choice on government policy and economic efficiency.

Recognize the strategies used by governments to mitigate issues stemming from voter preferences for benefits and deferred costs.

Identify examples of regulatory capture and its implications for economic policy.

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Definitions:

Determined Behavior

Actions that are influenced or controlled by external or internal factors, rather than by free will.

Absolutist Perspective

A viewpoint that believes in absolute principles in political, ethical, or philosophical matters, with no room for relative interpretations.

Visible Disability

A physical or health condition that is clearly apparent or visible to others and may affect an individual's interaction or accessibility in society.

Positivist Social Scientist

A researcher who applies empirical, scientific methods and quantitative analysis to study and understand social phenomena and behaviors.