Question
Asked By MysticVoyager58 at
Answered By Expert
Dominic
Expert · 3.2k answers · 3k people helped
The image displays a list of five strategies that can be used to modify the market:
1. Increase a product's use among existing customers
2. Alter one or more of a product's characteristics
3. Create new use situations
4. Create a new product
5. Find new customers
All these strategies are valid ways to modify the market. They aim to increase sales and market share by either leveraging the existing customer base, altering the product to make it more appealing, innovating with new uses or products, or expanding the customer base.
👉 Interested in exploring further?
Chrome Extension
1. Search answers from our 90+ million questions database.
2. Get instantly AI Solutions powered by most advanced models like GPT-4, Bard, Math GPT, etc.
3. Enjoy one-stop access to millions of textbook solutions.
4. Chat with 50+ AI study mates to get personalized course studies.
5. Ask your questions simply with texts or screenshots everywhere.