Which of the following is an outcome of small businesses focusing on narrow market niches or product needs?

A) It helps firms develop enviable reputations for quality and service.
B) It results in greater competition from larger firms.
C) It reduces the uniqueness of a product or service sold by small businesses.
D) It reduces the need for managerial experience and skills.
E) It reduces their ability to adapt to changing market demands.

A) It helps firms develop enviable reputations for quality and service.