Question

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizations are not likely to challenge or dislodge it. A. business screen. B. implicit strategy. C. propitious niche. D. common thread. E. strategic fit.

Answer 1

Answer:

The correct answer is letter "C": propitious niche.

Explanation:

Companies develop strategies to set the steps necessary to accomplish an objective. One of those steps involves finding the firm's propitious niche which is no more than its target market. It determines what the company should do based on the best competitive advantage the firm will have in that market that will differentiate the company from competitors and will help the firm to establish in the market.

Answer 2

Answer:

Explanation: A niche describes the subset of a market where a product is focused. When companies or firms dominate a market niche in such a way that it is of no importance or benefit to its competitors, such a niche is propitious to the firm.

A propitious niche is favorable to a market segment (a product, service, or business idea) and once a firm comes out with a propitious niche its not worth it for another firm to come up with it. This is because customers are already satisfied with the first firm. In this, the propitious niche is so well suited to the firm's competitive advantages that other firms are not likely to challenge or dislodge it.