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 test your understanding of niche markets!
Which of the following is a characteristic of a niche market?
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Which of the following are typically true about niche markets? (Select all that apply)
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Niche markets typically focus on a {{blank0}} customer base and offer {{blank1}} products or services.
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Match the items on the left with their correct pairs on the right
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A niche business serves 500 customers, each paying £20 per product. What is the total revenue?
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What is one reason businesses choose to operate in niche markets?
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Which of the following are advantages of niche markets? (Select all that apply)
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Match the items on the left with their correct pairs on the right
What is a potential challenge for businesses operating in niche markets?
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