ENTREPRENEURSHIP

ENTREPRENEURIAL MARKETING

MARKETING MIX

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A medium-term would be
A
increase customer base by 20%
B
opening a second location
C
have all debt paid off
D
None of the above
Explanation: 

Detailed explanation-1: -Companies can expand their customer base as a way to increase sales. A customer base is often a targeted demographic or group of people with similar interests, which make their interest in a product or service more likely.

Detailed explanation-2: -In other words, it is the group of people who are potential buyers of a product or service. Companies need to compare their customer base with the market size. Market size is how much money a particular industry or business has generated in one year.

There is 1 question to complete.