Post Utme Igbinedion University 2022 Commerce Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A company is considering two different marketing strategies: one that targets a niche market and another that targets a broader market. What is the primary advantage of targeting a niche market?

Answer Options

A. Increased market share.
B. Lower marketing costs.
Correct Answer C. Higher profit margins.
D. Increased brand recognition.
Correct Answer
C
Correct Option:
Higher profit margins.

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 7. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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