Question

What are some firms that have used their augmented/ enhanced product to really increase market share?...

What are some firms that have used their augmented/ enhanced product to really increase market share? Describe their proceses

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

MARKET SHARE = A Market Share of any company is the percentage that control the complete market by its particular product or services or company .

market share of company increases through better relationships , innovations , strengthening customer's etc .

Competitive advantage achieve by company at Higher Market Share .

Process of some of the firms that uses their augmented product to increase market share are ..

  1. Product Innovation = which lead to preventing present-day customers from skipping / jumping of customer too another firm.
  2. Maintain Relationship = engagement with customer should be increase through advertising etc.
  3. Idea's of Customer Involved = customers should always be center of attraction and their Ideas have to be maintained by the company .
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
One characteristic of a perfectly competitive market is that individual firms engage in product differentiation are...
One characteristic of a perfectly competitive market is that individual firms engage in product differentiation are free to enter or exit an industry in the long run earn positive economic profits in the long run advertise to increase market share face a downward-sloping demand curve
There is an industry with 5 firms. There is one large firm with 80% market share,...
There is an industry with 5 firms. There is one large firm with 80% market share, three medium-sized firms with 6% market share, and one small firm with 2% market share. Calculate the Herfindahl-Hirschman Index (HHI) for this industry. Please show your work. Is this industry either highly concentrated, moderately concentrated, or not concentrated? There is an industry with 5 firms. There is one large firm with 80% market share, three medium-sized firms with 6% market share, and one small...
Explain what ‘product proliferation’ is and when it can be used to deter firms from entering...
Explain what ‘product proliferation’ is and when it can be used to deter firms from entering a market. Include any relevant empirical evidence.
Consider a market with n ≥ 2 firms, where the demand for the product of firm...
Consider a market with n ≥ 2 firms, where the demand for the product of firm i is given by qi = a − bpi + c times summation of pj, where a, b > 0 while c can be either positive or negative. Firms compete in prices. Suppose that all the firms have the same constant marginal costs. Find the equilibrium. How does it change with c and n? Under what condition(s) does this equilibrium exist? Suppose now that...
Consider a market with n ≥ 2 firms, where the demand for the product of firm...
Consider a market with n ≥ 2 firms, where the demand for the product of firm i is given by qi = a − bpi + c times summation of pj, where a, b > 0 while c can be either positive or negative. Firms compete in prices. Suppose that all the firms have the same constant marginal costs. Find the equilibrium. How does it change with c and n? Under what condition(s) does this equilibrium exist? Suppose now that...
A product that has low market share in a growing market - what would this product...
A product that has low market share in a growing market - what would this product be classified under (based on the Boston Consulting Group matrix)?
Question 1 1) Monopolists have a 100% market share or a more than 50% market share...
Question 1 1) Monopolists have a 100% market share or a more than 50% market share ( a near monopoly in the US). Market share measures: a. the total sales of a business b. the growth of sales of a business over a year c. the sales of a business as a percentage of total sales in a market d. the profits of a business as a percentage of total profits in a market 20 points Question 2 2) In...
Question 36 Assume that the industry consists of 10 firms with 10% of the market share...
Question 36 Assume that the industry consists of 10 firms with 10% of the market share each. If three of these firms are allowed to merge and form a new firm with a 30% market share, while the remaining seven firms will remain with 10% each, what would the change in the Herfindahl index be due to this merger?
1. There are 4 firms in an industry, each with 25% market share. Firm X has...
1. There are 4 firms in an industry, each with 25% market share. Firm X has a price elasticity of demand EX = -10. The supply elasticity of the other 3 firms is SO = +2. What is the market demand elasticity for this industry? In terms of markup, how much market power does Firm X have?
Suppose that three firms, 1, 2, and 3, produce a homogeneous product in a market with...
Suppose that three firms, 1, 2, and 3, produce a homogeneous product in a market with market demand Q = 40 – 2p. Each firm has constant marginal cost c = 2 and has no other costs. (a) If the three firms are Cournot competitors who simultaneously and independently choose outputs, what is the equilibrium industry output? (b) If the firms can collude to jointly choose output to maximize their total profit, what would be the industry output? (c) Now...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT