What are some simple ways that can increase market share?
I have a question to complete.
It states Two people are going into business and set up their own ice cream business. They don’t have much business experience but one of them knows Business studies and ICT skills and the other has worked in an icecream factory…
How an that they try to increase their market share in the next couple of years?
Many thanks.
Price is the most prominent element which a consumer may use to evaluate the quality of the product. With all things being equal, the consumer will often go for the lowest priced alternative. Therefore do some research on equally valued competing products and set a lesser price.
November 8th, 2010 at 8:47 pm
Price is the most prominent element which a consumer may use to evaluate the quality of the product. With all things being equal, the consumer will often go for the lowest priced alternative. Therefore do some research on equally valued competing products and set a lesser price.
References :
November 8th, 2010 at 9:18 pm
there are two ways to increase market share one is that you have a very unique product compared with your competitors second is you have low price in the market.
your business is ice cream selling and there are large no of people in the same business already so to increase market share you should offer very low prices.
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