Question

For an organization to grow its market share, it must: a.advertise using multimedia b.lower prices c.exceed minimum standards of acceptability for its products or services d.establish an internet website e.broaden its mission statement

Answer 1

Answer:

The correct answer is (C)

Explanation:

In today's competitive environment firms and organisations are producing similar goods and services and offering them to the customers at almost the same prices. This has resulted in low market share due to no barriers to entry. The only aspect which can help companies to grow market share is to improve the quality of goods and services. Quality of goods and services is the only thing now consumers want.