Asked by Prabha Patel on Sep 28, 2024

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Unserved or underserved markets are referred to as ________.

A) white space
B) niche markets
C) intangible assets
D) target segments

White Space

Areas of potential opportunity where a company can innovate or market in ways not currently being exploited, often leading to new products or services.

Niche Markets

Segments of a larger market defined by their unique preferences, needs, or identity, often overlooked by larger competitors.

Intangible Assets

Non-physical assets such as patents, copyrights, trademarks, and brand reputation that have economic value to a business.

  • Acquire an understanding of the concept of brand positioning and its critical role in marketing strategies.
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LT
Laila Takinanabout 15 hours ago
Final Answer :
A
Explanation :
Unserved or underserved markets are often referred to as "white space" in business terminology. It represents an opportunity for companies to expand their market reach and capture new customers who are not being adequately served by existing businesses. Niche markets (B) and target segments (D) are related concepts but do not specifically refer to unserved or underserved markets. Intangible assets (C) refer to non-physical assets such as intellectual property or brand reputation.