Posted on September 19, 2011. Tags: Advantage, Disadvantage, Low-volume, market, niche, niche market
Outline one advantage and one disadvantage of ‘operating in a low-volume niche market’
Advantage: less competition Disadvantage: Volume might be too low, which can adversely affect the profitability of your business. There may not be enough demand in the market to cover your costs
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Advantage: less competition
Disadvantage: Volume might be too low, which can adversely affect the profitability of your business. There may not be enough demand in the market to cover your costs