A market or a market segment characterized by strong competition should ideally be targeted.

Question

Quizplus · Accepted Answer

A market or market segment with strong competition may not be ideal to target as it can be difficult to differentiate the product or service from competitors and may require extensive marketing efforts and resources to gain market share. It may be more advantageous to target a niche market with lower competition or to develop a unique value proposition that sets the product or service apart from competitors in a crowded market.

A Market or a Market Segment Characterized by Strong Competition