Which of the Following Is True of Niche Markets

question 15

Multiple Choice

Which of the following is true of niche markets?

• A) They are broad markets.
• B) They target all the customers in the entire market.
• C) They are specific and narrow.
• D) They involve large portions of the population.

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Definitions:

Consumer Expenditures

The total amount spent by consumers in an economy on goods and services.

Government and Households

The sectors of an economy involving government spending and actions, and the consumption and savings patterns of individual households.

Business Firms

Entities involved in commercial, industrial, or professional activities, aimed at generating profits.

Public Good

A service or product offered to every member of a society for free, by either a governmental entity or a private organization or person, with no intention of making a profit.