A niche penetration strategy is most appropriate when the new market is expected to grow quickly and there are a number of different benefits or application segments to appeal to.

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A niche penetration strategy focuses on capturing a small, specific segment of a larger market. This strategy is most appropriate when the new market is expected to grow quickly and there are different benefits or application segments to appeal to within the niche. Therefore, the statement is true.

A Niche Penetration Strategy Is Most Appropriate When the New