Vincent runs a small company that manufactures hand-stitched custom leather shoes for men. His products generally attract young, wealthy entrepreneurs who care about their comfort and style. Being a unique business, it does not have much competition and enjoys monopoly. The opportunity of _____ is highlighted in the given scenario.

Question

Quizplus · Accepted Answer

The scenario highlights the opportunity of exploiting market niches, as Vincent's company targets a specific group of customers with unique, custom products, and faces little competition.

Vincent Runs a Small Company That Manufactures Hand-Stitched Custom Leather