A successful niche marketing strategy relies on a firm's core competency, focusing on a limited set of products or services to create a successful market niche. In competitive markets, this focused approach helps a firm survive by establishing strong customer relationships and brand loyalty.
A successful niche marketing strategy relies on a firm's ability to concentrate on its core competency. Essentially, by focusing on a limited set of products or services in which they have a distinct advantage or expertise, the firm can carve out a piece of the market that it can serve better than competitors with a broader focus. This concentration allows the business to create more value for a specific customer segment, leading to stronger customer relationships, brand loyalty, and ultimately, a successful niche in the market.
For businesses operating in highly competitive markets, where margins are thin and the opportunity for profit is limited, having a well-defined niche marketing strategy can be crucial for survival. These strategies require a keen understanding of cost management, market conditions, and the unique needs of the niche market. A firm's ability to execute this strategy effectively can determine their longevity and success in the industry.
Therefore, firms must assess their market position, understand the needs of their target customers, and consistently deliver products or services that meet those needs in a superior way compared to firms with a broader range of offerings.
The purpose of consuming a balanced diet is to give the body _______.
a. plenty of rest
b. plenty of relaxation
c. plenty of nutrients
d. plenty of exercise
Answer:
Letter C. plenty of nutrients
Explanation:
The goal of a balanced diet is to give the body a set of nutrients, fiber, vitamins and minerals, contributing to a healthier and stronger body. In addition, balanced diet prevents disease and contributes to the fall of obesity.
Which career professional sets up, runs, and maintains equipment such as lights? Camera Operator
Film Editor
Video Equipment
Technician Sound Engineering Technician
Video Equipment Technician
Answer:
It would be C: Video Equipment Operator
Explanation:
It would not be Film Editor or Sound Engineering Technician and a Camera operator could not go and run lights and the camera at the same time.
Supporting information and materials are important to public speaking because
Stefan has volunteered to participate in an experiment studying vision. he has agreed to wear a pair of glasses that invert his vision. due to perceptual _____, after about a week, he is able to perform his usual tasks, like riding a bike or reading a book.
Final answer:
The student's question revolves around perceptual adaptation, where the brain adjusts to new sensory information, allowing a person to function normally even with initially disorienting visual changes, such as inverted vision from special glasses.
Explanation:
The student's question involves the concept of perceptual adaptation, which is a phenomenon where the brain adjusts to altered sensory information and begins to interpret it correctly. In this specific case, Stefan's ability to eventually perform tasks normally, despite the inverted vision caused by the glasses, is a testament to this adaptability.
Historical experiments, such as the one performed in the 1960s with prism glasses inverting the visual field, show that after an initial period of confusion and adaptation, subjects can function normally with inverted vision. This indicates the flexibility of the visual cortex and its capability to reorganize sensory input to match reality.
Our perceptions are not only dependent on sensory inputs but are also influenced by factors like cultural context and individual experiences, such as in the case of stereoblindness where binocular cues of depth are not perceived. However, as seen in Bruce Bridgeman's experience, certain stimuli, like a 3-D movie, can trigger a newfound depth perception. This all circles back to the remarkable adaptability of our perceptual systems.
An important difference between the gdp deflator and the consumer price index is that
Which is one important difference between a general partnership and a limited partnership?
Answer:
Every partner in a genral partnership is fully reposnabie for the busines 's debts.
Explanation:
Noni, a seventeen-year-old, signs a contract to sell her car to metro used cars. the next day, noni tells metro that she's decided not to sell the car. noni is
One important reason for a firm to implement a policy of holding exit interviews is to
If vince charged $200 on his credit card with 18% apr and he paid his balance in full within the grace period, how much is the finance change?
Juanita karoz purchased lawn furniture for $727. she made a 27% down payment and financed the remainder. what amount did she finance?
Answer:
She financed $530.71
Explanation:
Let:
[tex]T_c=Total\hspace{3}cost\\D_p=Down\hspace{3}Payment\\F=Financed\hspace{3}amount[/tex]
So, the financed amount would be the total cost of the lawn furniture minus the down payment she made:
[tex]F=T_c-D_p[/tex]
We know the total cost of the lawn furniture, so we need to find the down payment she made, which is really simple. Just multiply the total cost by 27 and divide the result by 100:
[tex]D_p=\frac{727*27}{100} = 196.29[/tex]
Therefore the amount of money that she financed is:
[tex]F=727-196.29=\$530.71[/tex]
Does barritt's ginger beer have alcohol in it
Barritt's Ginger Beer is a non-alcoholic beverage that gets its name from the brewing process used to ferment ginger, which is aimed at enhancing flavor, not producing alcohol.
Despite the 'beer' in its name, Barritt's Ginger Beer is actually a non-alcoholic beverage, much like the soft drink that is commonly known as ginger ale. The term 'beer' in this context usually refers to the brewing process of fermenting ginger with sugar and water, which is similar to the process used to make traditional alcoholic beer. However, the fermentation in ginger beer is primarily done to develop its flavor rather than to produce alcohol.
Many people grew up reading books with characters delighting in ginger beer, often spurring a youthful curiosity about its taste. The confusion about whether ginger beer contains alcohol is not uncommon, but rest assured, Barritt's is designed to be enjoyed by all ages as it does not contain alcohol. This makes it a suitable drink for those who are underage or prefer to avoid alcoholic beverages.
A researcher wishes to know, with 98% confidence, the percentage of women who wear shoes that are too small for their feet. a previous study conducted by the academy of orthopedic surgeons found that 80% of women wear shoes that are too small for their feet. if the researcher wants her estimate to be within 3% of the true proportion, how large a sample is necessary?
The purpose of __________ is to summarize and explain a specific set of data
Answer:
descriptive Statistics.
Explanation:
Descriptive statistics is the branch of Mathematical Statistics that deals with methods for organizing numerical information for better interpretation.
Descriptive statistics imply the abstraction of several properties of the sets of observations, through the use of graphical, tabular or numerical methods. Among these properties are the frequency with which several values are given in the observation, the notion of a typical or usual value, the amount of variability in a set of observed data and the measure of relationships between 2 or more variables.
The field of descriptive statistics has nothing to do with the implications or conclusions that can be derived from the data sets. Descriptive statistics serve as a method to organize data and highlight its essential characteristics in order to reach conclusions.
The presentation of statistical information can be done in the following ways:
Textual (in the form of text).
Picture.
Graphics.
What is the difference between patronizing your favorite store and patronizing your little brother?
Answer:
well, there's actually several different meanings of patronizing, but the two major ones are to "treat with an apparent kindness that betrays a feeling of superiority," and another meaning is "frequent as a customer.", which is like at a grocery market, clothing+accessories store, makeup shop, sports equipment store, restaurant, fast food, etc.
so if you patronize your favorite store, that would mean you're a customer and you go there a lot, but if you patronize your little brother, that means you treat him in a kind way but you talk to him as if you're superior to him.
~hope i helped ouo have a nice rest of ur day~
lots of love,
lee
Which of the following choices best describes an interest rate?
a) The minimum amount due for payment every month on a loan
b) The amount of money you borrow
c) The rate at which a borrower repays a loan
d) The percentage a borrower is charged for their loan
Answer:
The Correct Answer is D
Explanation:
An interest rate is the portion of chief imposed by the moneylender for the application of its capital. The chief is the quantity of capital loaned. Since banks acquire payment from yourself (in the order of deposits), they also send you an interest rate on your capital.The interest rate is typically recorded on a yearly foundation known as the yearly percentage rate.The best description for the interest rate is the percentage a borrower is charged for their loan.
What is interest rate?This is the amount of money that a person accrues when they borrow money from a bank or other lending facilities.
The interest rate is usually charged based on the amount borrowed and the loan period.
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The average american child watches ____ hours of television per day.
Does the polar head group of the phospholipid carry a charge? if so, positive of negative?
An organization engaged in job enrichment by making employees' work more challenging and by granting them more autonomy. these most likely reduce:
Mitch runs an e-commerce business. He has engaged in social networking sites and blogs as part of a promotional campaign to attract consumers to a new product line. What should Mitch do next?
A. Evaluate the campaign's efectiveness.
B. Create a new company logo.
C. Revise his existing company slogan.
D. Hire a creative process team.
Answer:
evaluate the campaign's effectiveness
Explanation:
Standing in line to buy a ticket for a movie where there are multiple windows
the rise or fall in the price of an item is an example of which of the following
Group of answer choices:
A) Inflation risk
B) Personal risk
C) Income risk
D) Interest rate risk
Answer:
The correct answer is letter "A": Inflation risk .
Explanation:
Inflation risk is the uncertainty of the increase in the price if goods and services caused by the increase in the supply of money. Under this scenario, consumers' purchasing power decreases and the value of their investment is unlikely to have the same worth because of the risk of inflation.
To leave the impression of a well-organized office for visitors to see, which of the following habits should you develop?
A.Designate and use specific locations for supplies, files, and work-in-progress.
B.Follow through by clearing your desk of materials you are not using.
C.Remember that completion of each task includes "putting away".
D.All of the above
Showing a worker how to operate a bulldozer or an administrative assistant how to schedule appointments are examples of ________.
A highly task oriented group that is results driven with high morale is a characteristic of usmc
The answer is: High performance team
High performance team tend to filled with a group of people who gather up together in order to fulfill one single goal in the most efficient manner.
To achieve their goals, members of high performance team would set a list of results that they are expected to get within a specific time frame.
They tend to have a really high morale due to their trust in their teammates ability and the existence of a reliable leader. Even if they encountered a problem, they will handle it with calm and rational decision.
Loyalty programs such as marriott rewards and american airlines advantage are examples of segmentation by ________.
The loyalty programs are examples of segmentation by usage rate or also known as the usage percentage. It is defined by having a specific player of which how many number it plays. This is able to provide a benefit for it is able to provide efficiency in high rates.
You need to upgrade memory in a system but you don't have the motherboard documentation available. you open the case and notice that the board has four dimm slots; three slots are colored yellow and one slot is black. what type of dimm does the board likely use? how can you be sure?
Final answer:
The motherboard likely uses dual-channel memory given the color-coded DIMM slots. One should check existing memory modules or use a system information tool to determine the specific type of DIMM. Physical characteristics and contacting the manufacturer are also ways to ascertain the correct memory type.
Explanation:
If you need to upgrade memory in a system and you notice that the motherboard has four DIMM slots with three slots colored yellow and one slot black, the motherboard likely uses dual-channel memory architecture. The different colors typically denote the pairing of the slots for dual-channel operation. To be sure what type of DIMM the board uses, you could look at the existing memory modules to identify their specification or use a system information tool to get memory details.
Alternatively, checking physical characteristics of the slots like notch positions can help ascertain whether the board uses DDR, DDR2, DDR3, or DDR4 memory sticks. If the system is operational, entering the BIOS setup or using a system information tool can provide accurate details about the supported memory type and size. Nevertheless, for the most accurate determination without motherboard documentation, contacting the motherboard manufacturer or referring to their online resources with the motherboard model number would be the best course of action.
Companies should take a holistic approach to new product development. this means that the process should be __________.
The main difference between the tablet and smartphone is the ________.
Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key factor in determining whether a business decision is ethical is how that decision
The principle of rights in business ethics focuses on how a decision respects and upholds the rights of the stakeholders involved.
Explanation:The "principle of rights" theory is an ethical framework used in business decision-making. According to this theory, a key factor in determining whether a business decision is ethical is how that decision respects and upholds the individual rights of all stakeholders involved. This means that business decisions should not infringe upon the rights of employees, customers, suppliers, or any other party affected by the decision.
For example, if Dyan, the owner of Expert Restoration Services, Inc., adheres to the principle of rights, she would ensure that the decisions made in her business respect the rights of her employees, such as fair wages, safe working conditions, and non-discrimination. She would also consider the rights of her customers, providing them with products and services that meet their expectations and rights as consumers. By prioritizing the principle of rights, Dyan would strive to create an ethical and fair business environment.
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In 2000, blacks earned a median income that was only about 60 percent of that earned by whites.
a. True
b. False