According to Michael Porter, a Firm Practicing a Niche Strategy

question 86

Multiple Choice

According to Michael Porter, a firm practicing a niche strategy:

• A) Has relative market share and emphasizes efficient-scale facilities
• B) Dominates a particular target market although its overall market share may be low
• C) Chooses high-growth markets while holding onto substantial mature markets
• D) Attempts to pioneer in product/market development
• E) Insulates itself from competitive rivalry by creating brand loyalty and the resulting lower sensitivity to price

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Definitions:

Mental Disorders

Conditions characterized by alterations in thinking, mood, or behavior associated with distress or impaired functioning.

Prevalence

The proportion of a population found to be affected by a particular disease, condition, or factor at a specific time.

United States

A federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global politics, economy, and culture.

World Health Organization

A specialized agency of the United Nations responsible for international public health.