Which of the following should be done to avoid the pitfall of "no market niche" (segment)?
A)Conduct a market analysis.
B)Analyze the expected needs of the new business.
C)Clearly target a niche.
D)Create a market niche.

Question

Quizplus · Accepted Answer

Clearly targeting a niche ensures that the business has a specific group of customers to focus on, avoiding the pitfall of "no market niche."

Which of the Following Should Be Done to Avoid the Pitfall