The market niche may dry up,or it might grow to the point that it attracts larger competitors.That is why many companies practice ________.
A) multiple niching
B) single niching
C) specific niching
D) service niching
E) market niching

Question

Quizplus · Accepted Answer

Multiple niching allows a company to target multiple market niches, reducing the risk of relying on one niche that may dry up or attract larger competitors. By diversifying its offerings, a company can adapt to changes in the market and maintain its competitive advantage.

The Market Niche May Dry Up,or It Might Grow to the Point