Asked by Jazzy Asberry on May 07, 2024
Verified
According to PIMS data,a strong correlation exists between ________ and ________.
A) productivity; marketing mix
B) profitability; market share
C) productivity; market share
D) profitability; marketing strategies
PIMS Data
An empirical database used to analyze the determinant's success and failure of strategic business units, standing for Profit Impact of Market Strategies.
Marketing Mix
The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.
Market Share
The proportion of the overall sales in a market that a company, product, or brand secures.
- Understand the correlation between market share and profitability based on PIMS data.
Verified Answer
SC
Sandra CutinhaMay 14, 2024
Final Answer :
B
Explanation :
PIMS data shows that there is a strong correlation between a company's profitability and its market share. This means that companies with higher market share tend to also have higher profitability.
Learning Objectives
- Understand the correlation between market share and profitability based on PIMS data.