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A Company That Looks for a Niche in the Market

question 30

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A company that looks for a niche in the market is following which strategy?


Definitions:

Socialist Party

A political organization advocating for socialism, which seeks to promote social ownership and democratic control of the means of production and distribution of goods.

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often in the fields of business, politics, and marketing.

Fordism

Early twentieth-century term describing the economic system pioneered by Ford Motor Company based on high wages and mass consumption.

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