Magnira Corp.is an apparel company.After a slow start,it saw a steep rise in the number of its customers and a remarkable increase in its profits.However,with the launch of competing apparel manufacturers in the market,the profits of Magnira have started declining.To sustain its growth in the market,the managers of Magnira should
A) focus on primary demand stimulation rather than advertising the brand.
B) shift to aggressive brand advertising and open new branches of its stores.
C) advise top management to reduce the number of employees in the company.
D) distribute the company's products at limited outlets.

Question

Quizplus · Accepted Answer

To counteract the decline in profits due to increased competition, Magnira should focus on aggressive brand advertising to strengthen its brand presence and consider expanding its reach by opening new branches to attract more customers.