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A specialized product has only five hundred loyal customers and the business is profitable. Which myth does this disprove?

Answer and explanation

Correct answer: A very large customer base is compulsory for business success

Some businesses serve the needs of a small but clearly defined customer group. In exams do not treat customer count as the only measure of success.

Related tags

Customer Number MythNiche MarketLoyal CustomersProfitabilityMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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