What does dominance mean in business? It means the ready products all customers want to purchase in bulk or in retail. The business owner must see to it that in his business what the people like must always be present to avoid the distress of customers' feelings. They trust the business so it is expected that they will be satisfied. Dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings. The business owner must see to it that his competitors must not know his resource allocations.
Effects of dominance on business
- Thread starter Starmix
- Start date
- Thread starter
- #5
The business owner cannot change the products sold in their center but rather add. There are customers buying the same products. There are products that dominate in the business center and they are the ones selleable.
Last edited:
It takes so much work and planning of business tactics for a business to be able to gain entire dominance over an industry.
