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Where is the gap in this market? Select one answer - Edexcel - GCSE Business - Question 7 - 2016 - Paper 1
Question 7
Where is the gap in this market? Select one answer. A) Light everyday B) Everyday filling C) Light luxury D) Luxury filling
Worked Solution & Example Answer:Where is the gap in this market? Select one answer - Edexcel - GCSE Business - Question 7 - 2016 - Paper 1
Step 1
Select one answer.
Answer
Based on market analysis, it appears that there is a gap for high-end options in a typically everyday segment. Therefore, the most fitting answer is:
D) Luxury filling
This choice suggests a demand for premium products that combine the luxurious aspect with everyday use.