An entrepreneur, in order to identify a niche in the market, should look at:
- Gaps in Value Delivered
- Rooms for Differentiation.
What is a Niche?
A Niche in business is an area that has not been entered into by the competition. An area where there is no competition from other producers.
You can identify a Niche if you find that you have the sole ability to produce a particular kind of service product. This is referred to as a Gap.
You can also spot a niche if there is an advantage you have that allows you to set your products different from other -hence, differentiation.
Learn more about Niche at:
https://brainly.com/question/161427
