To Be Successful Within a Market Niche, the Key Strategic

question 94

True/False

To be successful within a market niche, the key strategic requirement is to have a good differentiation strategy.

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Definitions:

Instincts

Innate, typically fixed patterns of behavior in animals in response to certain stimuli.

Emotions

Affective states that are experienced as a response to internal or external events and are associated with physiological, behavioral, and cognitive changes.

Primary Drives

Basic physiological needs such as hunger, thirst, and sleep, which motivate behavior to ensure survival.

Stimuli

External factors or events that elicit a physiological or psychological response in an organism.