Welcome to the 1520 Perfect Dictionary
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| Niche (2) | |
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| NICHE (2) Definitions: i. (business) An opportunity to sell a particular product to a particular group of people. ii. (business) A niche in the market is a specific area of marketing which has its own particular requirements, customers, and products. ______________________________________________________________________ * All six elements should be in. 1. Potential buyers will have the purchasing power (money) to sustain (promote) market (opportunity). 2. Customers' loyalty will be assured or guaranteed, without the need for marketing gimmicks such as sales promotion, offer of discount or half-price, clearance sales, etc. 3. Chance will not be as a result of system in place being a monopoly. 4. Opportunity to dominate particular or specific area will remain for as long as production, manufacturing, provision or supply, etc. is present, whatever the profit margins or challenges. 5. Quality and/or price of product will be that desired by customers. 6. Specific area of marketing will not involve an illegal or illicit method, or underhand or immoral strategy, etc. to get products sold. And competitors will not be able to catch up with who has advantage. _________________________________ See perfect CUSTOMER NEED. See perfect CUSTOMER SERVICE. See perfect CUSTOMER SATISFACTION. | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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