Some people think that the only way to have success in business to have unique product. What factors do you think influence the success of a company? Discuss your opinion
It is argued by many individuals that unique
product
is the only way to get succeed in the business
. I agree with this
notion. This
essay will discuss the advantages of having a unique product
, followed by some factors
which influence the success with explanations and suitable examples; concluded with my own opinion.
To begin
with, a unique product
in any business
definitely gives you an edge. Firstly
, it is very easy to advertise these products as customers easily got attracted towards the new stuff in the market. Moreover
, there is no competition which helps the vendor to easily sale their products. To add to this
, companies with a unique product
has a monopoly in the market. Thus
, they can generate the maximum profits at minimum cost. For instance
, as per the statistics from Times magazine, Intel rules the world nearly for two decades in computer chips manufacturing.
Now comes to the factors
which influence the businesses; though there are many factors
which can give the wings to any business
, but
few of them are must to have to get succeed. Remove the conjunction
apply
First
and foremost, the business
concept must satisfy the demand of mass. Additionally
, the product
must be economically efficient so that people from every background could afford this
. Furthermore
, it should provide the best possible post-sales services which help to keep the faith of the customers in the product
. For example
, as per the survey from Hindustan Times, Maruti is the first
choice from the last
15 years for 80% Indians in-car brand because of their economic cost and cheap rates in post-sale services.
To conclude, though I believe, the unique product
helps to give an edge in the market but factors
such
as economic rates and post-sale services keep the faith of the customers in the company.Submitted by inderjeetsinghsethi on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.