Answer :
Chris Anderson, editor-in-chief of Wired magazine, describes niche-market e business strategies as capturing the Long Tail referring to the tail of a typical sales curve.
A company's business strategy outlines the actions and choices it will undertake in order to achieve its goals and objectives. A business plan lays out the actions the firm must follow to achieve its goals, which can help guide choices about the allocation of resources and hiring. The only five corporate strategies are cost, quality, distribution, technology, and intellectual property (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. A business strategy is a series of crucial choices and actions that enable the business to outperform its rivals and attract and keep new consumers. As a general rule, concentrating your organization on one is the easiest to implement. It entails determining your competitive goals, game environment, and field of play.
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