Which of the following statements concerning the cell phone industry is correct?
A) larger market share means higher profits
B) larger market share does not necessarily translate into higher profits
C) lower market share means lower profits
D) None of these

Question

Quizplus · Accepted Answer

While a larger market share can be indicative of success, it does not automatically guarantee higher profits. Other factors such as pricing strategies, production costs, and competition can all impact a company's profitability.

Which of the Following Statements Concerning the Cell Phone Industry