Successful Startups Typically

question 4

Multiple Choice

Successful startups typically

• A) try to be all things to all people.
• B) use mass marketing.
• C) target a specific industry segment or niche.
• D) try to invest the least in acquiring customers.

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Definitions:

Portal And Exchange

A digital platform that facilitates the exchange of information, goods, or services, acting as a gateway for users to access various resources or markets.

Production Runs

The process of manufacturing a certain quantity of products in a continuous sequence without interruptions.

Short Turnaround

The quick completion or response time between initiating a process and its completion, often used in reference to projects or delivery of services.

Perceived Scarcity

A situation where consumers believe that a product or resource is scarce, which can increase its value and demand, regardless of its actual availability.