The BIG question: Last lesson you learned about identifying gaps in the market. Sometimes gaps in the market occur because the market is growing meaning there is space for new businesses. Gaps in the market can also be in the form of a niche (pronounced neesh) market. Explain, giving an example if possible, what a niche market is.
JackCANE!!!:A niche is an example of a small gap in the market. It is used to make profit. But normally used by small business.
ReplyDeleteJackCANE!!!:
DeleteLike a vegan lunchbox
:)
DeleteJackCANE!!!:
Deletewrong
Hadi Bennagi: I think a niche market is when a product is replaced with a new type of it wich is made it more usefull. for example cassette players to dvd and lovefilm,netflix etc...
ReplyDeleteJack: :):):):):)
DeleteJosh. Price .... I think a niche market is somthing that is aimed at a certain audience inside a market.
ReplyDeleteRyan woodfine. a niche market is a market which doesnt have much interest or doesnt make as much profit any more. another definition is a market that has shrunk due to new products coming out. an example could be the N64 or cassettes.
ReplyDeleteLOL ;)
DeleteWell done ryan.
DeleteDan Holden - A Niche market is a small part inside a larger market. E.G Vegan. It is not a big market aimed to earn loads of money. It targets a small profit, large enough for the workers to live on. But overall, it is a small business.
ReplyDeleteWill Kersley. The Niche market is something that is targeted at a specific area within the current market.
ReplyDeleteIshti Hussain, A niche market is where a product is not highley in demand due to a newer porduct out, but since its not high demand it might be quite expensive because its a interesting product in the market.
ReplyDeletezak lawrence: when there is a interest in the market and there is a big demand
ReplyDeleteJack McKeown, The niche market is a small market,that doesnt have a big demand, within a larger market. For example a vegan lunchbox market
ReplyDeleteTom;a niche in the market is a small gap within another market. e.g in the clothes market as the market for chinos goes up there will be more demand for chinos.
ReplyDeletevV C0n0r EdW4rD5 Vv
ReplyDeletea niche market is simplely a market which applies to smaller groups of people for example food made for vegans
Ishti Hussain, example could be like the cassettes which died due to the newer way of viewing films with DVD
ReplyDeleteAlex Walsh-Smith
ReplyDeleteA niche market is something that is replaced with a new type of that product but altered to make it batter.for exsample a casset.the casset was replaced with the ipod and mp3 players.
better
Deleteconnor smith
ReplyDeletea niche market is , a market which applies to a small small market , e.g a vegan lunchox , only a small amount of the population is vegan, people who set up business' that apply only to the niche market dont usually wish to make alot of money like apple does, but to get enough for a comfortable life
Casey-jane Smith;A niche market is a small market inside a big market.
ReplyDeleteTheresa-Ann Diaper,
ReplyDeleteI think a niche market is a small market inside a bigger market for example vegatarians have stuff made suitable for them in shops, so it is a small part of the big market.
Jordan turner- A niche market is a smaller market which is inside of a bigger market.
ReplyDeleteWill Kersley. The Niche market is something that is targeted at a specific area within the current market. For example like free dairy products so people who need then can buy them but they are in small demand.
ReplyDeleteJosh. Price .... I think a niche market is somthing that is aimed at a certain audience inside a market. for example; a vegan lunch box.
ReplyDeleteLuca Colella: A nice is in a market within a market. For exampel cassettes players
ReplyDeletelaurence deyn, A niche market is a small gap in a large market where there is a low demand for it but people still buy them. For example only a small amount of the population are vegan but there are still businesses that sell vegan food.
ReplyDelete