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5 October, 02:46

Match the business strategies with their characteristics.

a. Niche

b. Imitation

c. High-speed strategy

x. Based on a belief that time is money

y. Concentrates on a specific regional market or buyer group

z. emulation of best practices of another company

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Answers (1)
  1. 5 October, 03:34
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    The correct answer is : A-Y, B-Z, C-X

    Explanation:

    Niche is a business strategy in which a specific buyer group or regional market is focused.

    Imitation is the strategy of adopting the best practices of another company usually a firm which was first in the market. It is a low-cost strategy.

    High-speed strategy concentrates on speed. It is based on the belief that time is money.
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