Which of the following best defines a niche market?
A)Centers on some common hobby,interest,or characteristic that draws members to the site.
B)Illustrates that most nodes in a social graph are not directly linked to one another.Instead they are indirectly connected via neighbors.
C)Offers a relatively small number of items to buyers who tend to be loyal to these outlets.
D)Enables anyone to participate without registration or identification.
E)Sets forth expectations for user behavior as well as for that of the host or governing body.

Question

Quizplus · Accepted Answer

A niche market is a small, specialized segment of the market that caters to the specific needs of a particular group of customers. Option C best defines a niche market as it mentions offering a relatively small number of items to loyal buyers, which is a characteristic of niche markets.

The other options do not fully capture the definition of a niche market; A describes a community, B describes a social graph, D describes a registration process, and E describes expectations for behavior without focusing on the market aspect.

Which of the Following Best Defines a Niche Market