Mar 16, 2010 2:07:07 PM
- Spyderidol
- Rennteam Master
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- Loc: Mozambique
- Posts: 5789, Gallery
- Registered on: Apr 25, 2007
- Reply to: SciFrog
Re: Panamera 4dr Convertible - Maybe
Again - I beg to differ. They most certainly are.
Definition of a niche market:
A niche market is the subset of the market on which a specific product is focusing; therefore the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact.
Every single product that is on sale can be defined by its niche market. As of special note, the products aimed at a wide demographic audience, with the resulting low price (due to price elasticity of demand), are said to belong to the mainstream niche—in practice referred to only as mainstream or of high demand. Narrower demographics lead to elevated prices due to the same principle.