a firm that attempts to provide superior customer service by focusing on quality throughout each of its activities is engaging in

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26-10-2022
Business

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a firm that attempts to provide superior customer service by focusing on quality throughout each of its activities is engaging in

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kjuli1766 kjuli1766 · Answer 1 · 2022-10-28T10:46:00-04:00

A firm that attempts to provide superior customer service by focusing on quality throughout each of its activities is engaging in total quality management.

Together, these companies seek to reduce the intensity of competition in their industry to protect themselves and maintain profitability by adopting strategies to prevent new competitors from entering the industry. increase. They also develop strategies to become dominant players and reduce competition. At this stage, companies try to gain market share.

The most commonly used promotional elements in the growth phase are advertising and personal selling. Advertising is a great tool for differentiating your product's features from those of your competitors. A placement strategy is one aspect of a company's marketing mix that focuses on where a company sells its products so that they are readily available in the target market.

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