Some people think that the only way to have success in business is to have a unique product. What factors, do you think, influence the success of a company?

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There is a dilemma on whether to survive in the
business
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on the market having a unique product is enough or the
business
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multi-product can be a better option. I would say it depends on the situation of your
business
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and
also
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the dominant conditions of economics in that country. So remark on
such
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grave issues has tied to a huge variety of factors, that in the following of
this
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essay I will mention. On the one hand, the
first
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thing that comes to mind can be the mainstream of a successful
business
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in the country of interest. Sure, if you want to get your
business
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off the ground you should scope all of the options to survive on the market.
Thus
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, the
first
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step is being familiar with your
business
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and what factors can develop your merchandise.
For example
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, advertisements, durable goods, being on time in delivering your
products
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and turning in it to customers, decent guarantee period and suitable services after disposal, and ,
finally
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the most important option having an accomplished consultant along with with your
business
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. What is mentioned can be a rule of thumb for surviving on the market.
On the other hand
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, the
next
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step of
this
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concern is how to develop that
business
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. Presenting a wide range of merchandise is up to the ability of that
company
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. Whether a huge diversity of
products
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can secure that quality to overcome your rivals or it would be better to focus on just a unique product. The diversity of
products
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is outstanding when it is meant to be admired by people. Given the fact that these days you can find a huge variety of
products
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with different brands, it is so easy for people to change their minds and it is a huge letdown and downbeat moment for investors of that
company
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.
Hence
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, diversity of merchandise is being followed by high quality
otherwise
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for that
company
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's own safety to concentrate on a unique product.
In addition
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lack of quality tends to lead that
company
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into fading into obscurity. In conclusion, discussing having a unique or multi-product is fenced into different options. The situation of that
business
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in the country, as well as your ability on presenting durable goods, can be significant factors. But since my information is a bit limited on the best way to have success in
business
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so I tried to declare my opinion broadly speaking.
Submitted by miladsabbaghi on

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  • such as
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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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