Quiz: Characteristics of Niche Markets
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Building on what you've learned about mass markets, let's explore niche markets! This quiz will test your understanding of their characteristics.
Which of the following best describes a niche market?
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Which of the following are characteristics of niche markets? (Select all that apply)
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Niche markets often focus on {{blank0}} groups of customers and offer {{blank1}} products tailored to their needs.
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Match the items on the left with their correct pairs on the right
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A niche business sells 50 unique products at £25 each. What is the total revenue?
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Why do niche markets often have less competition?
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Which are advantages of operating in a niche market? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Businesses in niche markets often use their {{blank0}} to charge higher prices for their {{blank1}} products.
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Match the items on the left with their correct pairs on the right
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