a. few needs, many customers; broad needs, few customers; broad needs, many customers. b. many needs, few customers; little need, many customers; narrow needs, few customers. c. low-cost products; huge market needs; unique products. d. poor products available; few products available; no products available.
a. few needs, many customers; broad needs, few customers; broad needs, many customers. b. many needs, few customers; little need, many customers; narrow needs, few customers. c. low-cost products; huge market needs; unique products. d. poor products available; few products available; no products available.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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7. What are the three approaches to achieving a distinct and valuable strategic position?
Select one:
a. few needs, many customers; broad needs, few customers; broad needs, many customers.
b. many needs, few customers; little need, many customers; narrow needs, few customers.
c. low-cost products; huge market needs; unique products.
d. poor products available; few products available; no products available.
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