Q. Champ Limited is a company providing online education to school children of all the classes. Over the years, it has established a good reputation and a market share of 75%. However, in past 2 months, due to the entry of a new competitor in the same segment, the market share of the company has reduced by 20%. Identify the type of marketing factor which has adversely affected the sales of the company.
  • (A) Controllable factors
  • (B) Environmental factors
  • (C) Marketing mix
  • (D) None of the above
๐Ÿ’ฌ Discuss
โœ… Correct Answer: (B) Environmental factors

๐Ÿ’ฌ Discussion

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