question archive Market Niche: A niche market is the subset of the market on which a specific product is focused

Market Niche: A niche market is the subset of the market on which a specific product is focused

Subject:MarketingPrice: Bought3

Market Niche:

A niche market is the subset of the market on which a specific product is focused. The market niche defines the product features aimed at satisfying specific market needs and the price range, production quality, and demographics intended to target. It is also a small market segment.

 

Concerning Market Niche, which are three elements marketers need to consider when it comes to this strategy?

 

If we talk about how Burberry implemented innovative "place" strategies to create value for current and potential customers, how could marketers accomplish that?

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