Market leaders can expand the market by _ and more usage of the product.
A)developing new users
B)initiating new rules
C)developing competitors
D)developing higher standards
E)initiating monopolistic practices

Question

Quizplus · Accepted Answer

Market leaders can expand the market by developing new users. This can be achieved through effective marketing strategies, such as targeting new demographics, introducing the product in new geographic areas, or promoting its benefits in different contexts. By reaching new audiences, the market leader can create additional demand for the product and increase its overall market share. Initiating new rules, developing competitors, developing higher standards, or initiating monopolistic practices are not effective ways to expand the market for a product.

Market Leaders Can Expand the Market by _ and More