190k views
2 votes
Which of the following is a marketing effort factor influencing a business' market share?

User TrampGuy
by
8.6k points

1 Answer

6 votes

Final answer:

Branding and advertising, product differentiation, and pricing strategy are marketing effort factors that can influence a business' market share.

Step-by-step explanation:

One marketing effort factor that can influence a business' market share is branding and advertising. By creating a strong brand name and investing in marketing efforts, a business can increase its visibility and attract more customers, thereby impacting its market share.

Another factor is product differentiation. Offering unique features or benefits that set a business' product apart from competitors can attract customers and lead to a larger market share.

Lastly, pricing strategy can also influence market share. Offering competitive prices or discounts can attract customers and help a business gain a larger share of the market.

User Jon Gilbert
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.