Market leaders can expand the market by ________ and more usage of the product.
A) identifying competitors
B) initiating monopolistic practices
C) developing new users
D) ensuring users adhere to higher standards
E) initiating new rules for product users

Question

Quizplus · Accepted Answer

Expanding the market by developing new users is the most effective way for market leaders to grow their customer base and increase usage of their product. By identifying and targeting new potential users, market leaders can increase demand and create a larger market for their product. Initiating monopolistic practices, ensuring user adherence to higher standards, and initiating new rules for product users can lead to negative consequences and harm the company's reputation. Identifying competitors is important, but it does not necessarily expand the market.

Market Leaders Can Expand the Market by ________ and More