A Niche Market Is a Place Within a Market Segment

question 67

True/False

A niche market is a place within a market segment that represents a narrow group of customers with similar interests.

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Definitions:

Psychiatric Ward

A specialized hospital ward dedicated to the treatment and care of patients with mental health disorders.

Negative Symptoms

In clinical psychology, refers to the absence or diminution of normal behaviors or emotions, often associated with certain psychiatric conditions.

Schizophrenia

A chronic psychological condition characterized by disrupted connections among cognition, emotion, and conduct, resulting in incorrect perceptions and unsuitable behaviors.

Motionless

Lacking movement; stationary, not moving or unable to move.