To achieve above-average levels of profitability,low-share niche businesses need to focus on their products and ________.
A)keep their market share high
B)divest for cash flow
C)keep expenses low
D)harvest for cash flow
E)expand their product line

Question

Quizplus · Accepted Answer

Low-share niche businesses cannot rely on high market share to achieve profitability, and divesting or harvesting for cash flow would not necessarily improve their product offering. Expanding their product line may put a strain on resources and may not guarantee profitability. Therefore, the best option is to focus on keeping expenses low to maximize profitability.

To Achieve Above-Average Levels of Profitability,low-Share Niche Businesses Need to Focus