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. Test your knowledge 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 cater to {{blank0}} customer needs and focus on {{blank1}} products.
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Match the items on the left with their correct pairs on the right
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If a niche market has 10,000 customers and each spends £50, what is the total revenue?
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What is a common challenge faced by businesses in niche markets?
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Match the items on the left with their correct pairs on the right
Which of the following industries are examples of niche markets? (Select all that apply)
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Businesses in niche markets often focus on a {{blank0}} audience and rely on {{blank1}} customer loyalty.
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