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What is meant by niche market?

question of Seraph : What is meant by niche market
I was told that following are the characteristics of a niche market: 1 This part of the market has no Konkurrenten.2. He puts his own Preis.3. It can enjoy quasi-Monopol.Ein example Rolls RoyceIst all Order Generic Accutane Online without Prescription this correctly Best Answer:

response Jack
it means a market that so far have not exploited

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4 Responses to “What is meant by niche market?”

  1. Stuart H says:

    Ja.de market is so small and specialized, there is almost no competition

  2. Gil says:

    Basically correct. Perhaps not without competition, but very wenige.Ein niche market product or service is one that is outside the mainstream of this type. I would not say you could set your own price, but you would certainly have a much higher markup than a mainstream product. Conversely, the quantities of goods usually far unter.Rolls Royce is certainly a niche market, but it also has a niche market competitors in the Bentley cars that compete previously part of Rolls Royce.

  3. Ed Atun says:

    None are correct. A niche is a tiny segment of the market (buyers of products). A “niche” may “cars that weigh less than 2,000 kilograms” are. But it has the competition because buyers go over £ 2,000, if they can save $ 5,000. Which means that no one their own price is set. There is never monopoly when the buyer can in fact anything that solves his problem (he wants a car under 2,000 pounds, but he wants to go mainly to the store …. many other cars are doing that) to buy.

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