Solved

Which of the Following Statements Is Most Likely True of Market

Question 135

Multiple Choice
Which of the following statements is most likely true of market follower strategies?
A) Market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
B) Market followers must expand internationally first to ensure distribution effectiveness, cost savings, and quality control.
C) Market followers should conduct indirect attacks on competitors' weaknesses to gain market share quickly and inexpensively.
D) Market followers benefit from pursuing subsegments of target markets due to their limited resources.
E) Market followers must keep manufacturing costs and prices low or product quality and services high.

Which of the following statements is most likely true of market follower strategies?


A) Market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
B) Market followers must expand internationally first to ensure distribution effectiveness, cost savings, and quality control.
C) Market followers should conduct indirect attacks on competitors' weaknesses to gain market share quickly and inexpensively.
D) Market followers benefit from pursuing subsegments of target markets due to their limited resources.
E) Market followers must keep manufacturing costs and prices low or product quality and services high.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents