6 Analyse the situations in which increased market share can be the right business objective. [6]
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6 Analyse the situations in which increased market share can be the right business objective. [6]
Q6 Analyse the situations in which increased market share can be the right business objective. [6]
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] when there is low competition level
[AN] the business would easily be able to capture a hgiher market share
[AN+] this would result in more profits as they have a higher customer base
[KN] if they want to increase brand recognition and loyalty
[AN] this would allow them to secure better customer retention
[AN+] this would allow the business to run for a longer period of time maintaining its sales and relevency
[AN] the business would easily be able to capture a hgiher market share
[AN+] this would result in more profits as they have a higher customer base
[KN] if they want to increase brand recognition and loyalty
[AN] this would allow them to secure better customer retention
[AN+] this would allow the business to run for a longer period of time maintaining its sales and relevency
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] Get more customers
[AN] As more customers buy their products or services, the company's total sales and revenue increase.
[AN+] This can lead to higher income and financial stability.
[KN] Competitive Advantage
[AN] By serving a larger customer base, companies can often reduce their average production or service costs.
[AN+] With lower costs, they can either increase their profit margins or offer competitive prices that attract even more customers.
[AN] As more customers buy their products or services, the company's total sales and revenue increase.
[AN+] This can lead to higher income and financial stability.
[KN] Competitive Advantage
[AN] By serving a larger customer base, companies can often reduce their average production or service costs.
[AN+] With lower costs, they can either increase their profit margins or offer competitive prices that attract even more customers.
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] Revenue generation.
[AN] Increasing market share makes sense for a company whose main goal is to increase revenue.
[AN+] The company can increase sales and revenue by gaining a larger market share, particularly when there is a high demand for its goods or services.
[KN] Competitive Advantage
[AN] Gaining a larger market share can be a strategic objective in markets that are competitive.
[AN+] Gaining a larger market share can give an organization a competitive advantage that can be used to improve access to distribution channels, strengthen negotiating positions with suppliers, and raise brand awareness.
[AN] Increasing market share makes sense for a company whose main goal is to increase revenue.
[AN+] The company can increase sales and revenue by gaining a larger market share, particularly when there is a high demand for its goods or services.
[KN] Competitive Advantage
[AN] Gaining a larger market share can be a strategic objective in markets that are competitive.
[AN+] Gaining a larger market share can give an organization a competitive advantage that can be used to improve access to distribution channels, strengthen negotiating positions with suppliers, and raise brand awareness.
Kumail Alvi
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[kn] competitive advantage [an] the business may want to increase competitiveness to improve their chances of survival[an+] this can further help the firm to go on a path towards attaining a monopoly
[kn]increase sales [an] to increase the revenue sales of the firm especially during times of expansion such can be a good objective to gather sales [an+] this can further help the business attain economies of scale lowering its avg cost further helping to gather funds for expansion
[kn]increase sales [an] to increase the revenue sales of the firm especially during times of expansion such can be a good objective to gather sales [an+] this can further help the business attain economies of scale lowering its avg cost further helping to gather funds for expansion
Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[kn]brand recognition
[AN]as more people encounter company product and service thus the brand will bcome more trusted and familiar.
[AN+]thus increase customer loyaltyn and wilingnes to offer new from the same brand
[KN]innovation and RandD
[an]companies with larger market share often have more resources to invest in RandD innovation
[AN+] they can fund project that smaller competitor might not be able to afford leading to creation of better product and services
[AN]as more people encounter company product and service thus the brand will bcome more trusted and familiar.
[AN+]thus increase customer loyaltyn and wilingnes to offer new from the same brand
[KN]innovation and RandD
[an]companies with larger market share often have more resources to invest in RandD innovation
[AN+] they can fund project that smaller competitor might not be able to afford leading to creation of better product and services
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] innovative product
[AN] when the business as the USP of the product
[AN+] then they should target to increase market share as they are the authentic producers in the market
[KN] low competition
[AN] when the business is operating in a market where other business are not that completive
[AN+] so they should be full focused to gain the max market share
[AN] when the business as the USP of the product
[AN+] then they should target to increase market share as they are the authentic producers in the market
[KN] low competition
[AN] when the business is operating in a market where other business are not that completive
[AN+] so they should be full focused to gain the max market share
IBRAHIM
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] Competitive advantage
[AN] If your company has a unique product or service that is better than what others offer, increasing market share can help you establish dominance in the market.
[AN+] This can make it harder for competitors to catch up.
[KN] Brand recognition
[AN] A bigger market share can enhance your brand's visibility. People are more likely to trust and buy from well-known brands
[AN+] increasing your market share can lead to increased sales.
[AN] If your company has a unique product or service that is better than what others offer, increasing market share can help you establish dominance in the market.
[AN+] This can make it harder for competitors to catch up.
[KN] Brand recognition
[AN] A bigger market share can enhance your brand's visibility. People are more likely to trust and buy from well-known brands
[AN+] increasing your market share can lead to increased sales.
SRaza
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] Economies of scale.
[AN] Increased market share will help business get access to all the EOS, hence ensuring a sustainable growth in the long term.
[AN+] Thus this will open the gate of opportunities for business e.g. to expand which will further increase total revenue.
[KN] In order to increase bargaining power.
[AN] Companies with a larger market share are more likely to negotiate with suppliers in terms of prices etc.
[AN+] Thus this is cost effective helping business to grow in a profitable manner.
[AN] Increased market share will help business get access to all the EOS, hence ensuring a sustainable growth in the long term.
[AN+] Thus this will open the gate of opportunities for business e.g. to expand which will further increase total revenue.
[KN] In order to increase bargaining power.
[AN] Companies with a larger market share are more likely to negotiate with suppliers in terms of prices etc.
[AN+] Thus this is cost effective helping business to grow in a profitable manner.
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN] In case of high competition levels, increasing market share will make the business a trendsetter
[AN] edge over competitors
[AN+] increment of consumer base
[KN] when the long-term goal is to expand at the national or global level
[AN] improvement in quality and quantity of products
[AN+] attract and retain maximum customers
[AN] edge over competitors
[AN+] increment of consumer base
[KN] when the long-term goal is to expand at the national or global level
[AN] improvement in quality and quantity of products
[AN+] attract and retain maximum customers
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[kn] in case of high competition levels as market share will increase
[an] making the business a trend settler which will provide an edge over competitors
[an+] leading to increased consumer base
[kn] when long term goal is to expand towards a national level
[an] thus increasing market share would help improve quality and increase quantity of products
[an+] which will thus help attract more customers
[an] making the business a trend settler which will provide an edge over competitors
[an+] leading to increased consumer base
[kn] when long term goal is to expand towards a national level
[an] thus increasing market share would help improve quality and increase quantity of products
[an+] which will thus help attract more customers
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
2nd analysis point isnt fun, no impact being statedIbrahim Aamir wrote: ↑Tue Nov 07, 2023 7:40 pm [KN] innovative product
[AN] when the business as the USP of the product
[AN+] then they should target to increase market share as they are the authentic producers in the market
[KN] low competition
[AN] when the business is operating in a market where other business are not that completive
[AN+] so they should be full focused to gain the max market share
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
1st analysis point is brilliantly stated however the 2nd analysis point isnt, no impact being shownSyed Raza wrote: ↑Tue Nov 07, 2023 8:59 pm [KN] Competitive advantage
[AN] If your company has a unique product or service that is better than what others offer, increasing market share can help you establish dominance in the market.
[AN+] This can make it harder for competitors to catch up.
[KN] Brand recognition
[AN] A bigger market share can enhance your brand's visibility. People are more likely to trust and buy from well-known brands
[AN+] increasing your market share can lead to increased sales.
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- Enterprise Emperor
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
[KN]When the business has settled in the market and has attracted a customer base
[AN]Hence now it can target customers and aim to sell them
[AN]Thus this increases sales and can increase market share
[KN]Competitive advantage
[AN]when a business has a unique and innovative feature in it then a customers can be attracted
[an]hence this can lead to high competitiveness resulting in market dominance
[AN]Hence now it can target customers and aim to sell them
[AN]Thus this increases sales and can increase market share
[KN]Competitive advantage
[AN]when a business has a unique and innovative feature in it then a customers can be attracted
[an]hence this can lead to high competitiveness resulting in market dominance
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Re: 6 Analyse the situations in which increased market share can be the right business objective. [6]
(kn) in case of high competitive level increasing market share with make the business a trend settler
(an) this wold keep the business competitive in the market
(an+) meaning the quality of the products will be good
(kn)when long run goal is expansion
(an) business can improve their goods and services
(an+) making already existing customers loyal and draw more customer in
(an) this wold keep the business competitive in the market
(an+) meaning the quality of the products will be good
(kn)when long run goal is expansion
(an) business can improve their goods and services
(an+) making already existing customers loyal and draw more customer in