Which of the following best describes a market niche strategy?

A. Provide a financial forecast

B. Describe the company's core purpose and focus

C. Outline marketing strategies

D. Detail the product offerings

A. Rapidly increasing sales

B. High levels of competition

C. Introduction of new products

D. Decreasing market share

A. Expanding product lines

B. Reducing workforce and closing unprofitable operations

C. Entering new markets

D. Increasing marketing expenditure

A. Entering a new geographic market

B. Introducing a new product line

C. Increasing sales of existing products in the current market

D. Diversifying into unrelated industries

A. A group of related products marketed by the same company

B. A single, standalone product

C. A distribution channel for products

D. The manufacturing process for a product

A. Many sellers with differentiated products

B. One seller with significant market power

C. Low barriers to entry

D. High levels of competition

A. Higher advertising costs

B. Limited audience reach

C. Ability to track and measure campaign performance

D. Slower response time from consumers