To regain market share, many American firms have lowered quality standards.

Name: To regain market share, many American firms have lowered quality standards.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Lowering quality standards is not a sustainable strategy for regaining market share as it can damage the reputation and trust of the brand among consumers. Instead, firms should focus on improving quality and innovation to differentiate themselves from competitors.

To Regain Market Share, Many American Firms Have Lowered Quality