Market Decline
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What are some causes for market decline?
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The expert examines the market decline.
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SOME CAUSES FOR MARKET DECLINE
The causes of market decline may either be internal or external in nature. Among the causes that are internal in nature include the following:
1. Deterioration in product quality
There are companies that focus on product quality at the start or as they launch their products in the market. However, after they capture the attention of their market, they engage in cost-saving activities but sacrifice product quality. These company's moves discourage buyers so they either decrease their purchases or shift to other brands or other companies' products.
2. Decrease in the company's capability to meet buyers' expectations.
There is a ...
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- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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