Ask Question
BusinessBusiness
10 August, 02:48

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

+1
Answers (1)
  1. 10 August, 06:32
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Determiniing decision makers' information needs, acquiring the needed information, and distributing that information to the decision makers in a form, and at a time when they can use it for decision-making describes:
Answers (1)
The administrator at Universal Containers has been asked to create an account management dashboard displaying opportunities and activities for each of its top five clients.
Answers (1)
Like physical capital, human capital is a produced factor of production. a. true b. false
Answers (1)
Patagonia hires people who have a passion for something, even if their passion has nothing to do with Patagonia's products.
Answers (1)
What is the biggest factor in deciding the price of a mortgage
Answers (1)
New Questions in Business
PA1. LO 6.1Colonels uses a traditional cost system and estimates next year’s overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours.
Answers (1)
The Prepaid Insurance account had a beginning balance of $14,000 and an ending balance of $24,000. How will the increase be reported on the statement of cash flows?
Answers (1)
otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful accounts of $494 The following transactions occurred in Potato Company a.
Answers (1)
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars of a better known brand-whose products are priced at $8 apiece.
Answers (1)
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
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?