Why is segmenting a niche market so crucial for a small business?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Small Business Management Entrepreneurship and Beyond

ISBN: 978-0538453141

5th edition

Authors: Timothy s. Hatten

See More Books

Question Posted: Sep 24, 2012 07:31 AM

See More Questions

Why is environmental analysis more crucial to the small business owner than to larger corporations?
Why is the credibility of the monetary authorities so crucial to quickly overcoming expected inflation?
Why is it so important for a small business owner to develop a management succession plan? Why is it so difficult for most business owners to develop such a plan? What are the steps that are involved...
You are an information technology (IT) intern working for Health Network, Inc. (Health Network), a fictitious health services organization headquartered in Minneapolis, Minnesota. Health Network has...
In Problems 1-2, sketch the graph of a continuous function f on [0, 6] that satisfies all the stated conditions. 1. F(0) = 1; f(6) = 3; increasing and concave down on (0, 6) 2. F(0) = 8; f(6) = - 2;...
Data set: Mice a. Using the data for the male mice, run a simulation to decide whether K11777 inhibits schistosome viability (i. e., reduces worm count) in male mice. Describe the results, including...
Prove that $B(x ; n, p)=1-B(n-x-1 ; n, 1-p)$.
Golden Inc. issues $4 million, 5-year, 10% bonds at 102, with interest payable on July 1 and January 1. The straight-line method is used to amortize bond premium. (a) Prepare the journal entry to...
Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 3 0 % . Balance Sheet Year 1 Year 0 Assets:...
Mission statements are critical to a successful marketing organization versus Mission statments rarely provide useful marketing value. What is your interpretation of this statements?
What determines which type of sales forecast would be appropriate for a small business? Describe how a specific small business would implement the build-up approach.
What is the significance of market research to the small business owner? How is market research defined, and what degree of complexity is necessary in the research plan for it to be valid?
1. Why is the injured partys age one of the most important factors in considering a failure-to-warn claim? 2. Do you agree with Hoffingers contention that the injured party assumed the risk? Why or...
What was the scope and depth of the discussion forum responses? What was the range of the responses? What, if anything, were the items (race, racism, gender politics, respectability politics, etc,)...
If you were analyzing The New York Times with Ahrefs, what report would you use to determine the list of sites that The New York Times links to?
A portfolio has 30% of its value in Company A and the rest in Company B. The volatitly of Company A and B are 25% and 33%, respectively, and the correlation between both companies is 0.6. what is the...
1. Explain 2-3 fallacies and/or errors of reasoning you hear used most often as supporting evidence for a proposal or argument. 2. Explain 2-3 fallacies and/or errors of reasoning frequently used....
You've been managing your time for years, so you probably already have some ideas about what works for you. What are some effective time management strategies that you have used at home, at school,...
Prove Remark 10.5, i.e. prove the linearity of the integral. Data from remark 10.5 If u(x) = v(x) is defined in R for all x EX-i.e. if we can exclude '-' - then Theorem 10.4(i), (ii) just say that...
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
For the data structures given in the previous problem, give the XDR routine that encodes/decodes these structures. If you have XDR available to you, run this routine and measure how long it takes to...
The sales life cycle is used to describe the phases a product goes through from introduction to withdrawal from the market. The four phases are: (a) introduction, (b) growth, (c) maturity, and (d)...
As explained in Chapter 13, the cost life cycle consists of the phases a product goes through within a firm to prepare the product for distribution and service. The five phases of the cost life cycle...
Consider the following data (in millions) from Midwest Financial, Inc., which has two main divisions: mortgage loans, and consumer loans: Required 1. Based on ROI, which division is more successful?...
GDP exceeds NDP by an amount equal to? Explain
A not-for-profit hospital reported in 2021 income statement: Revenue 150m Expenses 110m Net Income 40m On their 2021 Statement of Changes in Net Assets they reported: Beginning Net Assets of 110m...
Various cost accounting methods record, classify, analyze, and evaluate alternative courses of action used to control costs. The chief information security officer (CISO) uses these results to...

Why is segmenting a niche market so crucial for a small business?

Question:

Step by Step Answer:

Because small businesses almost never have the reso...View the full answer

Small Business Management Entrepreneurship and Beyond

Students also viewed these Management Leadership questions