Buy custom The 4 Market Position and an example of a product 
    
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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 9 / 2424 | 
                
    
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A market follower has many advantages also. A market follower can learn from the market leaderâs experience and copy or improve on the leaderâs product and programs, normally with much lesser investment compared with the market leader.
One such example would be the recent new colors for the Sonyâs Vaio Laptops...
        
        
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Once Sony releases their new color design, Dell later would follow in it and would have their personalized laptop colors which could be chosen when purchasing a laptop from Dell.
Niche Market
A niche market is often portrait as a focused, targetable portion of a market. By definition, then, a business that focuses on a niche market is addressing the need for a product or service that is not being addressed by the mainstream providers...
        
        
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