An Entrepreneur Developed a Service for Which He Believed There

question 4

Multiple Choice

An entrepreneur developed a service for which he believed there was a fairly small,but clearly defined,group of potential customers. He believed that he could design the service to fit those customers very well. This type of customer group is called a

• A) first-mover market.
• B) niche market.
• C) financial market.
• D) focus group market.
• E) common sense market.

---

Definitions:

Spherical Shape

A three-dimensional round shape, where every point on the surface is equidistant from the center.

Eyeball

The spherical part of the eye in vertebrates, housed in the socket and responsible for vision.

Watery Fluid

A liquid substance that is clear and similar in composition and appearance to water, often found in bodily tissues and spaces.

Posterior Chambers

The space between the iris and the lens of the eye, filled with aqueous humor, which helps to maintain intraocular pressure and refract light.