Ask Question
BusinessBusiness
27 March, 05:21

Suggest ways that a business could increase its market share. which way do you think will be most effective? Explain your answer

+4
Answers (1)
  1. 27 March, 08:32
    0
    Customer relationships have to maintained and have competitive advantage in the market. Innovation is the effective way to increase the market share of one company.

    Explanation:

    When the business maintains strong customer relationship then the customers show their brand loyalty. Increased brand loyalty will also increase the market share of the business.

    Competitive advantage over the competitors can be achieved by providing add on value to the product or service sold and providing them at best possible price. The most effective way is to bring innovation in product or service to attract more market share and be ahead of the competitors.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suggest ways that a business could increase its market share. which way do you think will be most effective? Explain your answer ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
1. What are things you can do to manage the risks in your life to reduce any financial losses?
Answers (1)
What is a pur autre vie life estate? It endures over the lifetime of the owner, then passes to an heir. It ends with the death of the life estate owner and may pass back to the original owners or their heirs or to a named third party.
Answers (1)
The intangibility aspect of a service means that
Answers (1)
Suppose aggregate consumer spending equals $5,000 when aggregate disposable income is zero. Furthermore, suppose that when disposable income increases from $300 to $400, consumer spending increases by $70, and that this relationship between a change
Answers (1)
g Suppose the banking system has $100,000 in outstanding deposits and actual reserves of $50,000. Using the simple money multiplier formula (i. e.
Answers (1)
New Questions in Business
Georgia Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Georgia Corp Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Increase / (Decrease) Cash
Answers (1)
Cayo Casta Cabins Corporation recently purchased Ship Island Resort and Casino and the land on which it is located with the plan to tear down the resort and build a new luxury hotel on the site.
Answers (1)
A current liability is a debt that can reasonably be expected to be paid between 6 months and 18 months. out of currently recognized revenues. out of cash currently on hand. within one year, or the operating cycle, whichever is longer.
Answers (1)
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place.
Answers (1)
Z Co. filed suit against W Inc. in 2021 seeking damages for patent infringement. At December 31, 2021, legal counsel for Z believed that it was probable that Z would be successful against W for an estimated amount in the range of $30 million to $60
Answers (1)
Home » Business » Suggest ways that a business could increase its market share. which way do you think will be most effective? Explain your answer
Sign Up Forgot Password?