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

Question

Quizplus · Accepted Answer

By developing new users, market leaders can expand the market. This can be achieved through targeted marketing campaigns, offering promotions, and reaching out to new customer segments. Increased usage of the product can also contribute to market expansion as it leads to more demand and consumption of the product. Developing competitors or initiating monopolistic practices can be unethical and illegal, while developing higher standards and initiating new rules may not necessarily lead to market expansion.

Market Leaders Can Expand the Market by ________ and More