Identify the Incorrect Observation Concerning Niche Markets

question 50

Multiple Choice

Identify the incorrect observation concerning niche markets.

• A)Most industries have both mass and niche markets.
• B)In this approach,you try to target customers only in the niche.
• C)They are specific and broad.
• D)It comprises of a segment of the population that is likely to share interests or concerns.

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Definitions:

Intentional Iteration

The deliberate repeated process of testing and refining a product, service, or strategy based on feedback and learning.

Constructive Failure

Experiences of failure that provide valuable lessons and opportunities for growth, rather than leading to negative outcomes.

Blame-Free Environment

A work or organizational culture that focuses on learning and correcting issues without assigning blame to individuals, encouraging open communication and continuous improvement.

Founders

Individuals who establish a business or organization, often contributing the initial vision and resources.