What Is a Market Niche

question 65

Multiple Choice

What is a market niche?

• A)A small group of consumers with unique needs and who typically are willing to pay a premium to have those needs met
• B)A large group of heavy users who are loyal to a brand because it provides value at a relatively low price
• C)A market segment that is served by many firms and is characterized by high levels of competition
• D)A market segment that is characterized by high sales volumes and low prices

Comprehend the process of visual adaptation and its significance in varying lighting conditions.

Define and explain the concept of receptor cells and their role in sensation.

Understand the process and importance of sensory adaptation in human perception.

Explain the concepts and mechanisms related to the perception of brightness and night vision.

---

Definitions:

Conflict Over Goals

Refers to disagreements among individuals or groups in an organization regarding the objectives to be achieved.

Problem-solving Teams

Groups assembled to address specific issues, devise solutions, and implement improvements within organizations.

Specific Concerns

Pertains to concerns or issues that are detailed, distinct, and particular to a given context or individual.

Empowered

This refers to individuals or groups having the authority, means, and confidence to make decisions and take actions independently.