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19522694
Market share projection tips for small businesses
Description
Negocios internacionales
No tags specified
trabajo de ingles
nvq (national vocational qualification)
Mind Map by
maira sepulveda
, updated more than 1 year ago
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Created by
maira sepulveda
about 5 years ago
29
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Resource summary
Market share projection tips for small businesses
Companies require
increase sales and market share to achieve success
to obtain success it is important to taje into account
determine the size of the market
It is essential to calculate the potential consumption within the market by looking at how many units all your customers can buy in a year
¿ How can a company project its future market sharen ?
Determining how much the business can take from its competition because each business is different
As an entrepreneur your sholuld consider
How to take advantage of the mistakes mae by the competition
Have new products and customers indicated
How to improve the marketing approach
Have contractual agreements on supplies with your customers
Make a study to know which is the most purchasad producto
Determine the current business related to the potential business
any company should be abie to quantify its ixisting business
Determine the current market share
This implies dividing the business by the total size of the market and so the variables get how profitable the business is
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