Describe why a niche company might have an advantage

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identify three challenges when setting up a business. explain why there are challenges.

define what a "niche" product is. give three examples of niche products.

explain why a niche company might have an advantage in a market. would price necessarily be an advantage? explain why or why not.

identify and explain three reasons why customers would pay more for exclusivity.

explain how a niche player "chips away" at a larger competitor's base. give three examples of retaliers who have done this

Reference no: EM13114064

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