1.identify at least three challenges when setting up a business. describe why they are challenges
2.define what a niche product is. give at least three exs of niche products
3.describe why a niche company might have an advantage in a market.would price necessarily be an advantage?describe why or why not
4.identify and describe three reason why customers would pay more for exclusivity.
5.describe how a niche player chip away at a larger competitors base, give three exs of retailers who done this.