Which of the following is not an advantage a firm receives from having a high market share? A- Economies of scale in production and distribution B- Grater brand recognition C- Less competitors D- Greater bargaining power with suppliers
Which of the following is not an advantage a firm receives from having a high market share? A- Economies of scale in production and distribution B- Grater brand recognition C- Less competitors D- Greater bargaining power with suppliers
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
120- Which of the following is not an advantage a firm receives from having a high market share?
A- Economies of scale in production and distribution
B- Grater brand recognition
C- Less competitors
D- Greater bargaining power with suppliers
Expert Solution
Step 1 Market share
Market share suggests the extent of a singular association's deals when contrasted with the complete deals in the business. It could likewise allude to the portion of a specific industry in the general market. Assurance of market share is conceivable solely after an exhaustive industry/market examination.
High market share helps in
Greater brand recognition
Greater bargaining power
Economies of scale but at the same time it brings a lot of problems too.
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