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 vs niche markets, let's test your knowledge of niche markets!
Which of the following defines 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 target a {{blank0}} audience 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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What is a key advantage of operating in a niche market?
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A business in a niche market sells 500 units of a specialised product at £20 each. What is the total revenue?
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Match the items on the left with their correct pairs on the right
Which of the following is an example of a niche market product?
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What are potential challenges of niche markets? (Select all that apply)
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Businesses in niche markets often focus on {{blank0}} customer needs and {{blank1}} pricing strategies.
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