IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: fifi_foofiette on May 17, 2009, 09:00:21 am

Title: needs help ASAP please. [business ST]
Post by: fifi_foofiette on May 17, 2009, 09:00:21 am
can anyone pleaseeee,
tell me what it means by;
niche market?
businesss exam is tomorrow morning,
so appreciate if any of yu wud give a hand. ;)
Title: Re: needs help ASAP please. [business ST]
Post by: Ukhti-R on May 17, 2009, 09:07:22 am
 niche Market is a small segment in the market where specialized products are sold to a very small numba of customas
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 10:31:36 am
yup, in addition to roxy's explanantion, it is a small part of  amuch larger market

for example, there's a large market for clothes being sold in the UK, but XYZ company has identified a niche market for INDIAN SARIS which means that the population of indians living in the UK have an unsatisfied need known as  agap in the market which has been satisfied and is now a niche market.
Title: Re: needs help ASAP please. [business ST]
Post by: Ukhti-R on May 17, 2009, 10:43:01 am
lol. yeah  I was reffering to the same past paper...:P
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 11:08:57 am
:P:P great minds think alike:P!
Title: Re: needs help ASAP please. [business ST]
Post by: Ukhti-R on May 17, 2009, 11:09:51 am
lol. and I can swear to god I was just gonna say that ...! :P
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 11:10:42 am
:D:D:D:D co-incidence?;)
Title: Re: needs help ASAP please. [business ST]
Post by: lil^$tar on May 17, 2009, 01:48:18 pm
what paper is dat??/
Title: Re: needs help ASAP please. [business ST]
Post by: Ukhti-R on May 17, 2009, 01:50:43 pm
Nov 08
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 02:30:28 pm
ROXY...i can swear to god i was just gonna say that:P!!
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 03:05:51 pm
it depends on the curve entirely!!!
Title: Re: needs help ASAP please. [business ST]
Post by: MaNa on May 17, 2009, 03:28:33 pm
yea but average?
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 03:41:14 pm
80+ i would say!!!!
Title: Re: needs help ASAP please. [business ST]
Post by: MaNa on May 17, 2009, 03:53:22 pm
Omg !!!!
does any one here Undersatnd FINANCIAL TOPIC !!!
UGH i had my teacher who didnt knew it n soo she didnt explain
she did yan3 but like she gave us bunch of worksheet dax it:@
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 03:54:52 pm
:) what dont u understand?any specifics? teme wht u wanna know,ill try to clear if for u...inshallah!
Title: Re: needs help ASAP please. [business ST]
Post by: MaNa on May 17, 2009, 03:59:24 pm
when to use Current ratio acid test ration etc
Title: Re: needs help ASAP please. [business ST]
Post by: angell on May 17, 2009, 04:06:06 pm
ok...

current ratio = current assets/current liabilities
quick ratio =current assets-stock/current liabilities

These ratios are used to calculate the liquidity position of a business, which means how quickly can a business gather cash to pay back its short term debts such as creditors, loans, expenses such as bills, etc.

It depends on how much 'working capital' or cash in hand u have

A current ratio should be 2:1, which shows that the business can pay back its debtors on time. Anything lower, for example 1:1 or 0.75:1 suggest a financial crisis for the business.

A quick ratio should be 1:1. We deduct stock because it is believed that from all the current assets (debtors, cash in hand, cash at bank, prepaid expenses, stock) it is the hardest to convert into cash.

A high ratio, for example 3:1 is ALSO not good, because it implies that cash is sitting idle in the business, which can be used more effectively, for example, used to pay back loans, etc.

Hope that explained it...