A product's market share has significant implications on its competitiveness. A higher market share often indicates a strong competitive position, as it means the product is preferred by a larger portion of consumers compared to competitors. It can also lead to economies of scale, allowing the company to lower costs and potentially offer lower prices, further enhancing competitiveness. However, a high market share doesn't always guarantee competitiveness if the product doesn't meet customer needs or if the market is highly volatile.
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