Explain about concentrated or market niche strategies
Explain about concentrated or market niche strategies.
Expert
Concentrated or Market Niche Strategies:
a. What puts focused strategies separately from broad differentiation strategies or low-cost leadership is concentrated notice on a thin section of the whole market.
b. The objective part or niche can be defined by:
1. Geographic individuality.
2. Specialized needs in using the product.
3. Special product characteristics that plea only to the niche members.
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