as sales and profits decline in a mature market, a firm can stimulate overall demand by

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26-10-2022
Business

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as sales and profits decline in a mature market, a firm can stimulate overall demand by

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varshamittal029 varshamittal029 · Answer 1 · 2022-10-28T08:08:44-04:00

As sales and profits decline in a mature market, a firm can stimulate overall demand by "marketing the product differently to new markets."

Offering something your target market values is one way to increase product demand. Product development and research is the typical process that businesses employ to produce or improve their product offerings.
To effectively create demand, your brand must first understand and connect with your consumers' requirements and motivations. Knowing the 'Why' is the first and most important step in taking your brand from predictable to inventive and needed
Driving product demand is critical to generating revenue and profit. These are the basic financial motivations of a product reseller that buys things to resell to clients at a profit. The specific tactics utilized to raise product demand differ depending on the time frame and present market situation of your product.

Thus this is how a https://brainly.com/question/1245771can stimulate overall demand.

Learn more about demand here: https://brainly.com/question/1245771

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