A Company Uses _____ When It Focuses on Pockets of Demand

question 68

Multiple Choice

A company uses _____ when it focuses on pockets of demand that are declining more slowly than the industry as a whole to maintain profitability.

• A) acquisition strategy
• B) chaining
• C) divestment strategy
• D) niche strategy
• E) franchising

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Definitions:

Pricing Constraints

Limitations or restrictions that affect the pricing strategy of a company, including costs, competition, demand, and regulatory requirements.

Demand Factors

Various elements that influence the demand for a product or service, including price, consumer preferences, and economic conditions.

Pricing Margins

The difference between the cost of a product or service and its selling price, which is expressed as a percentage of the selling price.

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and decline in the market.