(Answered) Question regarding the market leader

Management Studies

Problem:

A company(ABC) is the market leader in vodka sales with a 30% market share, What would you recommend it do if the competition who has 10% and 8 % market share respectively both decide to lowers its prices from $14.00 to 11.00 in an attempt to increase market share.

Required:

Question: What should the market leader(ABC) consider doing to combat this?

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Business Management, Management Studies

Category:- Business Management
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