Definition, Meaning & Synonyms
short-tail-business
Noun
/ˈʃɔrt teɪl ˈbɪznɪs/
Definition
Short-tail business typically refers to a business model that focuses on the sale of a narrow range of products or services, often capitalizing on high demand for a few popular items rather than a wide variety of offerings.
Examples
- Many local stores operate as short-tail businesses, focusing only on popular items.
- The restaurant adopted a short-tail business strategy by streamlining its menu to just a few best-selling dishes.
- Online retailers may also engage in short-tail business by prioritizing widely sought-after products.
Meaning
The term implies that the business is concentrating on products or services that have a high volume of sales with relatively few variants, hence ‘short-tail’ as opposed to a ‘long-tail’ approach that covers a wider array of niche markets.
Synonyms
- Niche business
- Focused business
- Specialized business