specially designed shoes.
a) What is meant by a 'niche market?
b) Identify two examples of the different markets for TGH products,
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Answers
Answer:
A niche market is a subset of a larger market with its own particular needs or preferences, which may be different from the larger market. For example, within the market for women’s shoes are many different niches, or segments.
Answer:
a....A niche market is a subset of a larger market with its own particular needs or preferences, which may be different from the larger market. For example, within the market for women's shoes are many different niches, or segments......
b....For example, within the market for women's shoes are many different segments or niches. Shoes for vegan women would be a niche market, as would shoes for plus-sized women, shoes for nurses, and shoes for transgendered people. These are all niche markets within the larger market for women's shoes.......
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