Often small firms seek to establish a particular niche in the market that closely serves the needs of certain customers. When a number of small businesses operate in this manner, it forces larger businesses to recognize and account for their influence on the market. This is an example of small businesses doing which of the following?

Question

Quizplus · Accepted Answer

Small businesses competing with larger businesses and establishing a niche in the market forces larger businesses to recognize and account for their influence, thereby providing competition.

Often Small Firms Seek to Establish a Particular Niche in the Market