Share-gaining businesses typically develop and add more new products,line extensions,or product modifications to their line than share-losing businesses.

Question

Quizplus · Accepted Answer

Share-gaining businesses are usually more innovative and proactive in their approach to product development, which involves introducing new products, line extensions, or modifications to existing products. This approach helps them to capture new customers and retain existing ones, thereby increasing their market share. Share-losing businesses, on the other hand, may lag behind in terms of innovation and fail to keep up with changing market trends, leading to a decline in their market share over time.

Share-Gaining Businesses Typically Develop and Add More New Products,line Extensions,or