Solved

Loren LLC Is a Small Bicycle Store That Competes Effectively

Question 62

Multiple Choice

Loren LLC is a small bicycle store that competes effectively with much larger companies as its focus lies exclusively on selling bicycles for senior citizens and patients with orthopedic ailments. The company has been successful as it has:


A) exploited a small but profitable market niche.
B) worked to undercut larger competitors.
C) attracted the best talent in the bicycle market.
D) acquired a patent for its bicycles.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents