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

Question

Quizplus · Accepted Answer

A niche within an industry refers to a specific subdivision of an industry that focuses on addressing particular customer groups. This can include specific demographics, interests, or needs that other competitors in the industry might not be addressing, creating a specialized market within the larger industry.

What Is a Niche Within an Industry