For an organization to grow its market share, it must: a. broaden its mission statement. b. exceed minimum standards of acceptability for its products or services. c. reduce prices. d. advertise using multimedia. e. establish an Internet Web site.

Question

Business

Selina Harper

22 May, 23:17

For an organization to grow its market share, it must: a. broaden its mission statement. b. exceed minimum standards of acceptability for its products or services. c. reduce prices. d. advertise using multimedia. e. establish an Internet Web site.

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Delilah Ibarra · Answer 1

Option B Exceed minimum standards of acceptability for its products or services.

Explanation:

The reason is that if the greater number of customers are purchasing its products then this is because the product provides more than the minimum standard of acceptability at the price quoted. This is human behavior, everyone wants more for the less amount spent and if the organization delivers this to the customer then it will win the market.