Only cost-based strategies should be used when focusing on a market niche.

Name: Only cost-based strategies should be used when focusing on a market niche.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-based strategies alone may not be sufficient for successfully targeting a market niche. Other factors such as customer needs, preferences, and competition should also be considered. A combination of cost-based and differentiation-based strategies may be more effective in targeting a niche market.

Only Cost-Based Strategies Should Be Used When Focusing on a Market