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2 years ago

What is a marketing strategy in which the focus is on small but profitable market segments?

Business

1 answer:

Goryan [66]2 years ago

3 0

Niche marketing strategy is a marketing strategy in which the focus is on small but profitable market segments.

Niche marketing is defined as the strategy of channelizing all the marketing efforts towards one well-defined segment of the population. There is one important thing to understand that ‘niche’ does not exist, but it is created by a smart marketing technique and identifying what the customer wants.

This can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.

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10 POINTS, IF GIVEN THE RIGHT ANSWER I'LL MARK YOU AS BRAINLIEST

olasank [31]

Answer:

(A) a power company needing solar panels

(B) a local fresh market a business working with trained animals

Explanation:

The Agriculture, Food, and Natural Resources career cluster. Gives a workpath that specializes in areas covering natural resources conservation and improvement. (See image attached.) Image taken from Nebraska University Career cluster description

6 0

3 years ago

Read 2 more answers

How do delivery companies track packages? group of answer choices

Luba_88 [7]

Companies track packages through code-scanning technology

<h3>What is code-scanning technology?</h3>

It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.

There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.

Hence, companies track packages through code-scanning technology.

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3 0

1 year ago

Actor Sissy Spacek once objected to a series of movie scenes that included her smoking a certain brand of cigarettes. She was pr

BabaBlast [244]

Answer: Product placement

Explanation:

Product placement is a form of advertising whereby branded products and services are featured in a video production which targets a large audience. Product placement is also known as embedded advertisment or embedded marketing.

Product placements are usually found in television shows, movies, radios, personal videos, and live performances. In exchange for product placement rights, firms may pay a studio or production firm in cash or exchange for its goods or services.

4 0

3 years ago

Organizational commitment is defined as ________. A. the employee's degree of disagreement or differential opinions about orga

Alika [10]

Answer:

C. the degree to which employees identify with the organization they work for and its goals

Explanation:

Organizational commitment -

It refers to the bond or the commitment , that the employees have with the organisation , is referred to as organizational commitment .

As the committed employees have a good bond with the company , and tries to work hard and efficiently with the company , in order to grow and be successful .

Hence , from the given question ,

The correct option is c.

3 0

3 years ago

Assume that the real risk-free rate is 2% and that the maturity risk premium is zero. If a 1-year Treasury bond yield is 7% and

Alex Ar [27]

Answer:

interest rate = 9.01%

Explanation:

given data

real risk-free rate = 2%

maturity risk premium = zero

year 1 Treasury bond yield r1 = 7%

year 2 Treasury bond yield r2 = 8%

solution

we get here year 1 interest rate expected for year 2 is that is express as

interest rate = $\frac{(1+r2)^2}{(1+r1)} -1$

interest rate = $\frac{(1+0.08)^2}{(1+0.07)} -1$

interest rate = 1.090093 - 1

interest rate = 9.01%

3 0

4 years ago