A company uses _____ when it focuses on pockets of demand that are declining more slowly than the industry as a whole to maintain profitability.
A) acquisition strategy
B) chaining
C) divestment strategy
D) niche strategy
E) franchising

Question

Quizplus · Accepted Answer

A niche strategy involves focusing on a specific segment or niche in the market where demand is still present, even if the industry as a whole is declining. This can help a company maintain profitability by not competing directly with larger companies and instead focusing on their unique offerings.

A Company Uses _____ When It Focuses on Pockets of Demand