Niche Market

A Niche Market is a subset of the market that has its own demands and preferences different from the market at large. The Niche Market companies focus on a unique target market and specific consumer than competitors who target a broad customers. The Niche Market is not exist, but is created by smart marketing techniques and identifying what the customer wants. (e.g., Home organisation, Fitness, Travel and tourism, Gamers, Pets, Remote workers, Conscious consumers, and so on.)

Related Definitions in the Project: The Business Organisation; Commercial Definitions

Posted in Business, Controls, Management and tagged , , , .

ThePD (The Project Definition)

ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.