MTV focuses on young people,and Rolex watches have a market niche of upper-income people.Both are examples of what type of strategy?

Name: MTV focuses on young people,and Rolex watches have a market niche of upper-income people.Both are examples of what type of strategy?
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Question

Quizplus · Accepted Answer

Both MTV and Rolex watches have identified a specific market niche and are focusing their strategy on meeting the needs and wants of that particular group. This is known as a focus strategy.

MTV Focuses on Young People,and Rolex Watches Have a Market