Tina owns a workshop that specializes in making intricate wooden decorative item

Question

Tina owns a workshop that specializes in making intricate wooden decorative items. She makes scale models of most of the existing objects around the world. She faces virtually no competition in her business and thus enjoys a stable growth. The opportunity of _____ is highlighted in the given scenario.

providing personal customer service

having lower overhead costs

using technology

exploiting market niches

Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website that he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:

was able to fund his project through venture capital.

received money for his venture from angel investors.

received money for his venture through crowdfunding.

was able to fund his project through seed money.

providing personal customer service

having lower overhead costs

using technology

exploiting market niches

Explanation / Answer

D. EXPLOITING MARKET NICHES

REASON

_________________________________________________________________________________

C. RECEIVED MONEY FOR HIS VENTURE THROUGH CROWDFUNDING.

REASON

_________________________________________________________________________________

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