The following are key to competing in a mature market:
A)revolutionary vision, new products and services
B)speed, flexibility and stability
C)radical innovation, speed and leadership
D)reinforcement of change, sustainability, and flexibility
E)cost, efficiency and incremental innovation

Question

Quizplus · Accepted Answer

In a mature market, cost and efficiency are key factors in remaining competitive. Companies should focus on incremental innovation to improve their products and services without drastically changing them. This approach helps maintain stability while slowly adapting to changing customer needs and preferences. Speed and flexibility are also important to keep up with competitors, but radical innovation may not be necessary in a mature market.

The Following Are Key to Competing in a Mature Market