For small businesses, it is best to find a niche. A small company with limited
resources can efficiently serve niche markets. Concentrate your
efforts on a fairly narrow market offering. This entails sticking to
what you do best, and becoming an expert in that field. Realize that
it is not possible to be good at everything. By concentrating on a
fairly narrow market niche, you may be able to avoid head-on
collision with bigger competitors. If you are a hardware store
selling everything from paints to lumber, the entry of giant
retailers like Home Depot in your area can spell the end for your
business. However, you can try to limit your offering, for example,
to construction of porches and decks and be the best retailer for
this segment
thanks.
Top answer
fairly narrow market offering -- a product or service that has a reasonably limited, restricted or specialized customer base. entails sticking -- includes/involves continuing to do only fairly narrow market niche --reasonably limited or specialized market (set of customers)
— Mister Micawber
Free · every Monday
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.