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Eduncle posted an MCQ
October 17, 2019 • 17:23 pm 0 points
  • UGC NET
  • Management

Match List-I with List-II

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    Eduncle Best Answer

    A propitious niche is a niche that is favorable to a market segment which could include a product, service, or business idea.
    A Strategic Window is a period of time during which the strategy will work. More precisely, it is the relatively short time interval during which the fit between the factors critical for success in a market and the Distinctive Competencies of a business competing in that market are favorable/optimal.
    A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.
    A business strategy is a set of competitive moves and actions that business uses to attract customers, compete successfully, strengthening performance, and achieve organisational goals. It outlines how business should be carried out to reach the desired ends.

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