ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the main challenge for market leaders and firms trying to build a market share?
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aggressive price cutting
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salary increase
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adding manpower
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creating a different strategy
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Explanation:
Detailed explanation-1: -Simply put, market share is a key indicator of a company’s competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors’ growth.
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