To remain number one,leading firms can take any of three actions.First,they can find ways to expand total demand.Second,they can protect their current market share through good defensive and offensive actions.Third,they can ________.
A) hire and train new employees
B) evaluate current employees
C) run smaller companies out of business, causing them to sell out to larger companies
D) try to expand their market share further, even if market size remains constant
E) shut down current company locations and reopen in highly populated areas

Question

Quizplus · Accepted Answer

The third option listed in the text is for leading firms to try to expand their market share further, even if market size remains constant. This may involve taking market share from competitors, increasing brand loyalty, or finding untapped segments of the market to target. This option aligns with the goal of remaining number one, and can help to ensure long-term success and profitability. The other options listed (A, B, C, and E) are not necessarily effective strategies for remaining on top in the market.

To Remain Number One,leading Firms Can Take Any of Three