Question

What is the focus of a Lower Costs Provider in a Focused/Market Niche?

1) Lowering costs for a specific market niche
2) Expanding market reach
3) Increasing product variety
4) Improving customer service

Answer 1

The focus of a Lower Costs Provider in a Focused/Market Niche is to lower costs for a specific market niche.

Step-by-step explanation:

The focus of a Lower Costs Provider in a Focused/Market Niche is to lower costs for a specific market niche. By reducing production and operational costs, a lower costs provider can offer products or services at a lower price, attracting customers in that specific market niche. This can be achieved through various strategies such as improving efficiency, optimizing supply chain, or leveraging economies of scale.