Many small businesses prosper by sticking to niches in a market that are too small to attract the attention of large competitors.

Question

Quizplus · Accepted Answer

This statement is generally true, as small businesses often succeed by focusing on specific niche markets that larger competitors may not prioritize or overlook. By serving a smaller and more specific market, small businesses can often provide more specialized products or services and develop deeper relationships with customers.

Many Small Businesses Prosper by Sticking to Niches in a Market