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

Question 131

Multiple Choice

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.


A) using technology
B) having lower overhead costs
C) exploiting market niches
D) providing homogenous service

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