What is a market niche?

Answer Posted / guest

A 'niche' market is a small but potentially profitable
market segment wherein custom-made products or services are
offered by a company. It is a small distinguishable segment
that can be uniquely served. Usually a loyalty business
model is used to maintain profitable volume of sales.

Is This Answer Correct ?    4 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is reactive marketing?

647


Explain your Organizational Skills?

1376


sell a product to me

1882


List your Key Sales Accomplishments?

1235


Discuss the various functions of marketing.

799






Why are you expecting 50% growth scalar?

680


Apart from financial considerations, what is challenging about marketing?

1309


what would you like to be in your career ifive years now

1903


Position Market Analyst (market research, FMCG sector). I must to write math test on English. I need to find example of test. I'm Russian and I need to learn business terminology to understand question

1115


How does a brand ambassador help improve the brand image of a firm?

704


1.) How would you describe yourself?

2512


u have 8 yrs exp y u r applyed this job y ur not appled high possition job ?

1914


How does the retail selling happen?

696


What do you like in your previous Sales Job? What sales challenge have you experienced recently?

1243


How does consumer behavior affect the marketing values?

639