Which of the following is a supply-side strategy that a company owner could use to maintain its dominance as a seller in its product market?
A)The company could differentiate its product.
B)The company could deter the entry of new firms into its market.
C)The company could promote buyer power in its market.
D)The company could advertise to consumers.

Question

Quizplus · Accepted Answer

Deterring the entry of new firms into the market is a supply-side strategy that could maintain the dominance of a company as a seller in its product market. This can be done through various means, such as building high barriers to entry, investing in technologies that are difficult to replicate, or controlling access to key resources or distribution channels. Differentiating a product, promoting buyer power, or advertising to consumers are demand-side strategies that may help a company sell more, but they do not necessarily ensure that the company can maintain its dominant position in the long run.

Which of the Following Is a Supply-Side Strategy That a Company