One way to increase market share is to lower prices,and the best way to lower prices is to ___________.
A)reduce costs
B)outsource jobs
C)promote self-training
D)update to latest technologies

Question

Quizplus · Accepted Answer

By reducing costs, the company can lower prices without having to compromise on profit margins. This will make their products more attractive to price-sensitive customers and thus help increase market share. Outsourcing jobs or promoting self-training may not lead to significant cost reductions, while updating to the latest technologies may actually increase costs.

One Way to Increase Market Share Is to Lower Prices,and