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What is the main reason why companies are focusing on rural markets and developing effective strategies?
  • a)
    To establish dominance over urban markets.
  • b)
    To cater to the needs of the traditional urban consumers.
  • c)
    To tap into the market potential and opportunities in rural areas.
  • d)
    To reduce their production costs in rural regions.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the main reason why companies are focusing on rural markets an...
Companies are focusing on rural markets because they recognize the growing potential and opportunities present in these areas. With a large and scattered rural population, higher purchasing capacity, and growing market demand, rural markets have become significant targets for companies looking to expand their reach and boost their sales. By understanding the dynamics of rural markets, companies can harness the untapped potential and create effective strategies to cater to the needs of rural consumers.
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What is the main reason why companies are focusing on rural markets and developing effective strategies?a)To establish dominance over urban markets.b)To cater to the needs of the traditional urban consumers.c)To tap into the market potential and opportunities in rural areas.d)To reduce their production costs in rural regions.Correct answer is option 'C'. Can you explain this answer?
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What is the main reason why companies are focusing on rural markets and developing effective strategies?a)To establish dominance over urban markets.b)To cater to the needs of the traditional urban consumers.c)To tap into the market potential and opportunities in rural areas.d)To reduce their production costs in rural regions.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main reason why companies are focusing on rural markets and developing effective strategies?a)To establish dominance over urban markets.b)To cater to the needs of the traditional urban consumers.c)To tap into the market potential and opportunities in rural areas.d)To reduce their production costs in rural regions.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main reason why companies are focusing on rural markets and developing effective strategies?a)To establish dominance over urban markets.b)To cater to the needs of the traditional urban consumers.c)To tap into the market potential and opportunities in rural areas.d)To reduce their production costs in rural regions.Correct answer is option 'C'. Can you explain this answer?.
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