GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Initiative and Innovation help businesses gain the competitive advantage by
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finding a market where you can sell things
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finding a niche
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finding a niche in the market and gaining more consumer support
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finding more consumers
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Explanation:
Detailed explanation-1: -A niche market advantage is a type of competitive advantage-one that stems from targeting and winning a small portion of a larger market. At its core, this is the direct opposite of a mass market, or “undifferentiated”, marketing strategy.
Detailed explanation-2: -Create a Corporate Culture that Attracts the Best Talent. Define Niches that are Under-serviced. Understand the DNA Footprint of Your Ideal Customer. Clarify Your Strengths. Establish Your Unique Value Proposition. Reward Behaviors that Support Corporate Mission and Value.
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