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Terms we learnt in chapter one !

Terms we learnt in chapter one !. By : Komal Pawar. terms:. Market niche Venture Entrepreneur Need. Market niche :. A specific segment of the market.

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Terms we learnt in chapter one !

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  1. Terms we learnt in chapter one ! By : KomalPawar

  2. terms: • Market niche • Venture • Entrepreneur • Need

  3. Market niche : • A specific segment of the market. • Example: A business venture has a business of selling sport equipment. This business sells hockey sticks, and so, anyone can buy those hockey sticks, but specifically, hockey players, and collectors buy hockey sticks from that business venture. • So, those people will be the market niche for that business.

  4. venture • A business startup or undertaking. • As you all probably know, that my mother owns a salon. So, that is her business venture.

  5. need • Something that is essential to life. • Needs are things that you live off , of. • Food, water, air, and shelter are needs that you live off, of.

  6. want • A human desire that goes beyond basic needs and is not essential. • I desired to get an x-box 360 kinect, and I got one. This desire was a want that was fulfilled. Did I need the x-box ? No, because I can live without one. • Getting an x-box was a want.

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