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