Companies like Ferrari are known as ________ because they carve out a market niche and compete by providing a product that customers can attain in no other way.

Question

Quizplus · Accepted Answer

Ferrari focuses on producing high-performance, luxury sports cars which are unique and not easily replicable by other companies. This approach allows them to differentiate themselves from competitors and appeal to a specific target market willing to pay a premium for their exclusive product.

Companies Like Ferrari Are Known as ________ Because They Carve