What Is a Niche Within an Industry

question 25

Multiple Choice

What is a niche within an industry?

• A) A subdivision of an industry which includes a set of competitors that address particular customer groups
• B) A geographic region of an economy
• C) A new type of technology
• D) A new emerging customer group

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Definitions:

Interracial Couple

A romantic partnership between individuals of different racial backgrounds, navigating unique cultural and societal dynamics.

Hiring An Interpreter

The process of engaging a trained professional who facilitates communication between individuals who do not share a common language or for those who are deaf and communicate via sign language.

Deaf Client

A person seeking professional services who identifies as lacking hearing in a way that impacts communication, requiring specific accommodations.

Therapeutic Relationship

A professional, collaborative connection between a therapist and a client, built on trust and understanding, to facilitate healing or personal growth.