When small businesses focus on narrow market niches or product needs, what is the likely result?Multiple ChoiceFirms that focus on narrow market niches or product needs often develop enviable reputations for quality and service.Firms that focus on narrow market niches or product needs face greater competition from larger firms.Focusing on a narrow product offering reduces the uniqueness of that product.Focusing on narrow market niches or product needs, reduces the need for managerial experience and skills.Firms that focus on narrow market niches struggle with growth.