INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A/An ____ is a small, specialized market.
|
|
profit center
|
|
|
opportunity
|
|
|
mass market
|
|
|
niche
|
Explanation:
Detailed explanation-1: -A business niche is a specialized or focused area of a broader market that businesses can serve to differentiate themselves from the competition. Business owners should find a niche with underserved or unmet needs in their industry.
Detailed explanation-2: -What is niche marketing? Niche marketing is a method of learning as much as possible about a target market and using that information to attract a certain type of customer. Niche marketing usually focuses on attracting customers who are left out by mainstream products and need a unique solution to a problem.
There is 1 question to complete.