A firm may find ready-made target markets when a competing firm ignores the smaller segments of the market.

Name: A firm may find ready-made target markets when a competing firm ignores the smaller segments of the market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a competing firm ignores smaller segments of the market, it creates an opportunity for another firm to target those segments with tailored products or services. This can lead to a competitive advantage and potential success in those overlooked market niches.

A Firm May Find Ready-Made Target Markets When a Competing