Explain why business strive so hard to increase the market share for their product.?

Question

Please Help me

Answer 1

Only the strong survive. Increased size makes them big and therefore profitable, and the next step can only be attempts at monopoly
All the cliches apply in a business equation.

1. Time will tell how long the product will remain useful.
2. Inside and outside attempts to replace, revolutionize, or demonize the status quo of being the only product must be monitored, fought vigorously, eliminated, silenced and never mentioned again.
3.The bigger they are, the harder they fall.
4. Big business is not a game for the foolhardy.
5. Choose the best people when you hire staff. Treat them well. Well treated employees will reward you with loyalty.
6. Some nations are subsidized by big businesses, same as some smaller nations.
7. Some wars were fought to increase market shares.
8. Corporate genius exists and tactical financial moves have been planned and executed by brilliant men and women and the public may never ever hear about them.

Answer 2

Their fixed costs remain the same. So, the more they increase sales, the more they increase profit. The goal of business is profit.

Answer 3

larger market share - more sales - lower costs to produce in volume - more profits

COMMON SENSE