The action that most likely will increase market share for products that are critical manufacturing components for customers is B. Providing a level of service to increase customer uptime.
Explanation:
For critical manufacturing components, customers prioritize reliability and minimal downtime. Offering a high level of service that ensures quick response times, technical support, and readily available spare parts can significantly increase customer satisfaction and loyalty. This, in turn, leads to a higher likelihood of them choosing your product over competitors, even if the price might be slightly higher.
Why other options are less likely to be as effective:
A. Reducing prices below those of the competition:
While lower prices can attract customers, for critical manufacturing components, price is often less of a deciding factor than reliability and service. Aggressive price reductions might be seen as a sign of lower quality or less reliable service, potentially undermining customer trust. Moreover, such a strategy can negatively impact profit margins.
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
kevinjjjj
2 weeks, 1 day agokevinjjjj
2 weeks, 1 day agoAyenco
2 months, 3 weeks agoab059f7
8 months, 1 week ago