Explain what to do to improve market share or competitive strength.
Explain what to do to improve market share or competitive strength.
Homework Answers
The better way to improve the market share and fight with competitor and strengthen your product is to diversify your business in multiple rounds of products as well as different regions.
One of the example, Like when Microsoft started his business the one and only product he has Windows and later on to sustain the market share and acquire the multiple clients they have diversified their business in multiple products or company they have acquired such as LinkedIn, Skype, Github etc.
Other strategies company follows to improve the market share
Market segmentation
Product diversify
Merger & Acquisition
Spin off- To create another company splitting from own company and holding the majority of ownership
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5. What firms in perfect competitive market and monopolistic competitive market have in common? How they...
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What do we know about regulation of a firm in a monopolistically competitive market? It usually implies a very small administrative burden. It will lower the firm's costs. U It is commonly used to enhance market efficiency. It is unlikely to improve market efficiency.
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