Multiple Choice
Drafi Arts Corp.makes and sells original handicraft products.The management of the company has been successfully using a niche strategy for years.In this case,which of the following is the most likely to be true of Drafi Arts Corp.?
A) It serves only a limited geographic market.
B) It offers products at a lower price than that of the competition.
C) It develops products that are similar to those of its competitors.
D) It lowers costs by removing frills and options from its products.
Correct Answer:

Verified
Correct Answer:
Verified
Q76: The term marketing mix refers to a
Q77: In the portfolio matrix,a business unit that
Q78: MaxNutri Inc.sells cookies and nutrition bars.The marketers
Q79: According to Ansoff's strategic opportunity matrix,which of
Q80: The thorough,systematic,periodic evaluation of the objectives,strategies,structure,and performance
Q82: Rues and West Bros.,an ammunition manufacturer,defines its
Q83: A diversification strategy is free of risk
Q84: Which of the following statements is true
Q85: Nile Inc.is one of the leading shoe
Q86: The price component of a marketing mix