Looking for a vacant niche helps a company determine
A) its advertising budget.
B) the size of the marketing department.
C) the best place to position a product.
D) the best place to locate a new facility.
E) its projected R&D expenditures.

Question

Quizplus · Accepted Answer

Finding a vacant niche in the market helps a company determine the best place to position its product. This can include identifying gaps or areas where competitors are not satisfying customer needs, and positioning the company's product to fill that gap. This can help the company to differentiate itself from competitors and target a specific customer base, ultimately leading to increased sales and profitability.

Looking for a Vacant Niche Helps a Company Determine