Question 2
Pepperfry sells exclusively furniture and home decor, while Amazon India sells everything from groceries to electronics. A new founder wants to launch an online store selling only organic baby food in India. Which market strategy does this represent, and what is the primary advantage?
Mass market: wider customer reach leads to more revenue
Niche market: focused positioning allows deeper expertise and customer loyalty in a specific segment
Mass market: organic baby food appeals to all demographics equally
Niche market: lower investment is needed because there is no competition