Which of the following statements is true about a niche strategy?

Which of the following statements is true about a niche strategy?



a. ​Only large companies can implement a niche strategy.

b. ​Companies that adopt a niche strategy have only a small number of customers.

c. ​Only the companies that do not have competitors can adopt a niche strategy.

d. ​Companies that adopt a niche strategy can only gain a price advantage over competitors.



Answer: Companies that adopt a niche strategy have only a small number of customers.


Learn More :

Marketing

Learn More Multiple Choice Question :