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What are the advantages and disadvantages of focus niche strategy?
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∙ 12y ago
Advantage: You become an expert in one area
Disadvantage: You only are an expert in one area
Wiki User
∙ 12y ago
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What are Nike target markets?
Niche target audience is a segment that we want to focus especially clinique products consumer niche audience can teenage girls and matured girls.............
The five generic competitive strategies and abercrombie and fitch?
Abercrombie and Fitch's compeitive strategy is one of focused or niche based on differentiation. There customer base is a narrow segment and since A&F is not a price compeititor, although not as highly priced as high end designer-wear, their focus is on customized attributes.
What is the advatage of a niche company in a market?
A niche company can grow using small demographics whether these demographics are online or offline. Such a company can create flowing income out of exposing to a targeted group of clients and selling a product that will create a steady attention flow, or broadcast to sell a service via the small to medium publicity channels. A niche company can grow easily if marketed well or using a special kind of strategy.
When developing a marketing plan what factors would have the greatest impact on your marketing strategy?
Find a Niche first. Competing with millions of other sites is not the way to go, you must be better, that's not easy..
What is the niche market for a supermarket?
Hungry people are a niche market for a super market.
Advantages and disadvantages of value-based pricing approach?
The advantage of value based pricing is increased profits and customer loyalty. The disadvantages are labor cost, competition, and the niche market.
What are different types of business strategy?
There are several different types of business strategies that include acquisition strategy and competitive strategy. Other types of strategy are cost strategy, niche strategy, and growth strategy.
What are advantages and disadvantages of consumer sovereignty?
Well, the advantages and disadvantages depend on your perspective. For consumers, the advantages are that stores have to compete for our business, and if there is a demand for something, it is likely that more people will start making it, and that there will be faster and cheaper versions. On the other hand, if we are in the minority on size or preference in any area, the down side is that the market decidedly does NOT cater to us, but instead discriminates against us, shunting us to a secondary market that has much more limited choices and availability. Advantages for marketers might be that if you can really understand and capture a niche market, you can cross-market a lot of things to them, and perhaps even sell their information to other firms trying to sell to a similar market. Disadvantages would be that the more niche the market, the fewer people you have to market to, and the more limited the profits.
What are the advantages and disadvantages of consumer sovereignty?
Well, the advantages and disadvantages depend on your perspective. For consumers, the advantages are that stores have to compete for our business, and if there is a demand for something, it is likely that more people will start making it, and that there will be faster and cheaper versions. On the other hand, if we are in the minority on size or preference in any area, the down side is that the market decidedly does NOT cater to us, but instead discriminates against us, shunting us to a secondary market that has much more limited choices and availability. Advantages for marketers might be that if you can really understand and capture a niche market, you can cross-market a lot of things to them, and perhaps even sell their information to other firms trying to sell to a similar market. Disadvantages would be that the more niche the market, the fewer people you have to market to, and the more limited the profits.
What advantages do niche companies have?
since there is little competition they make more business
What are disadvantages of a broad niche?
It's like adaptations that allow them to to survive in the summer and the freezing in the winter.
What are Nike target markets?
Niche target audience is a segment that we want to focus especially clinique products consumer niche audience can teenage girls and matured girls.............
What are some advantages of a narrow niche?
Competition; "because of competition, organisms may not be able to occupy the entire niche they are theoretically capable of using" The Living World - Johnson
The five generic competitive strategies and abercrombie and fitch?
Abercrombie and Fitch's compeitive strategy is one of focused or niche based on differentiation. There customer base is a narrow segment and since A&F is not a price compeititor, although not as highly priced as high end designer-wear, their focus is on customized attributes.
What does it mean for an organism to have a niche?
When an organism is said to have a niche, that means that it has some kind of specialty, usually involving the type of food that it eats, or its strategy for obtaining food, which is in some way different from that of other species. The koala bear eats the leaves of the eucalyptus tree. That is its niche. The scarab beetle eats dung. Catfish eat algae. A cactus performs photosynthesis, and does it with intensively water-conserving methods which allow it to grow in arid regions. Each of these has a very different strategy of survival, which can be described as an ecological niche.
Why do so many stores have stuff only for girls?
Girls buy a lot of stuff. It is a successful sales strategy to specialize in products for girls. This is called niche marketing.
Discuss the IT concepts of competitive strategy?
A Competitive Strategy is decisions that generate action that produces results.A competitive strategy answers the following questions. How do we define our business today and how will we define it tomorrow? In what industries or markets will we compete? The intensity of competition in an industry determines its profit potential and competitive attractiveness. How will we respond to the competitive forces in these industries or markets (from suppliers, rivals, new entrants, substitute products, customers)? What will be our fundamental approach to attaining competitive advantage (low price, differentiation, niche)? What size or market position do we plan to achieve? What will be our focus and method for growth (sales or profit margins, internally or by acquisition)?
