What is the definition of a niche market?

MARKETING 2

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Other
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Professional Development
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Medium
Benides Chuquicondor
Used 3+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sub-group of consumers with similar characteristics in a specific market
A large market that ignores specific market segments
A group of consumers with common needs that a company decides to serve or sell to
A narrow, smaller or more specific market segment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of product positioning?
Analyzing how consumers perceive a product compared to others in the market
Identifying the needs and desires of consumers
Dividing the market into distinct groups of consumers
Creating a unique selling point for a product
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of market segmentation?
To identify potential problems and find solutions
To increase the probability of a successful marketing campaign
To minimize the waste of resources
To diversify and distribute market risks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of having a Unique Selling Point (USP)?
To identify gaps and new opportunities in the market
To differentiate products and increase sales
To minimize the waste of resources
To diversify and distribute market risks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of dividing the market into distinct groups of consumers?
Market segmentation
Market targeting
Market positioning
Market research
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a market study?
To identify potential problems and find solutions
To increase the probability of a successful marketing campaign
To understand consumer needs and satisfaction levels
To predict future market trends
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of product positioning?
Analyzing how consumers perceive a product compared to others in the market
Identifying the needs and desires of consumers
Dividing the market into distinct groups of consumers
Creating a unique selling point for a product
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