Small businesses that focus on niche markets can gain sales if they can

Question

Quizplus · Accepted Answer

Identifying new social and consumer trends allows small businesses to cater to the specific needs and preferences of niche markets. This can lead to increased sales and customer loyalty. Finding out of the way locations or unique/odd spokespersons may not necessarily result in increased sales, while refusing sales to a broad number of customers goes against the spirit of entrepreneurship. Selling overseas may be beneficial for some small businesses, but it is not necessarily a requirement for success.

Small Businesses That Focus on Niche Markets Can Gain Sales