The exploitation of niches requires quick and agile firms that can take advantage of market segments that other firms have left unsatisfied.

Question

Quizplus · Accepted Answer

The statement correctly describes the need for quick and agile firms in exploiting niches, which refer to specific and narrow market segments that other firms have overlooked or failed to satisfy. Such firms need to act fast and adapt to changes in consumer demand or behavior to gain a competitive advantage in these niches. Therefore, the statement is true.

The Exploitation of Niches Requires Quick and Agile Firms That