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

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is the only way to get succeed in the

business

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. I agree with

this

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notion.

This

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essay will discuss the advantages of having a unique

product

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, followed by some

factors

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which influence the success with explanations and suitable examples; concluded with my own opinion.

To begin

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with, a unique

product

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in any

business

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definitely gives you an edge.

Firstly

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, it is very easy to advertise these products as customers easily got attracted towards the new stuff in the market.

Moreover

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, there is no competition which helps the vendor to easily sale their products. To add to

this

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, companies with a unique

product

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has a monopoly in the market.

Thus

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, they can generate the maximum profits at minimum cost.

For instance

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, as per the statistics from Times magazine, Intel rules the world nearly for two decades in computer chips manufacturing. Now comes to the

factors

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which influence the businesses; though there are many

factors

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which can give the wings to any

business

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but

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apply

show examples

few of them are must to have to get succeed.

First

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and foremost, the

business

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concept must satisfy the demand of mass.

Additionally

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, the

product

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must be economically efficient so that people from every background could afford

this

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Furthermore

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, it should provide the best possible post-sales services which help to keep the faith of the customers in the

product

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For example

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, as per the survey from Hindustan Times, Maruti is the

first

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choice from the

last

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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

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helps to give an edge in the market but

factors

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such

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as economic rates and post-sale services keep the faith of the customers in the company.

inderjeetsinghsethi

Jan 21, 2021

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12
Linking words
meeting the goal of 7 or more
3
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

299 words

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Topic Vocabulary:

unique product
market demand
innovation
value proposition
target audience
market research
brand awareness
customer retention
word-of-mouth referrals
financial management
budgeting
profit margins
strong leadership
motivated team
productive work environment
embracing technology
competitive advantage
fast-changing market
effective marketing strategies
customer service excellence

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