As a business gets started the completion also gets the start at the same time. There are many businesses which have these kinds of challenges from start these days. But this thing is not an issue for new business at the start of the industrialization era. Because there are very limited businesses in the market at that time so they don’t have to worry about these things. At that time businessman is putting all its efforts into developing products. But after some time more players came into the market and share of the market customer divided among all competitors this will lower down the profit margin for already existing companies.
So they start thinking about how to increase their share of the market again so they move toward better service and quality along with advancement as well. They gave the best products to their customer in the minimum price and very sophisticated manner. Then they came up with new design better products in the performance area which will help them to increase their market share. But after some time their competitor copy that entire thing so now they need something which cannot be copied by competitors.
So they decided not to go for their designs to develop a simple product and let their customer modified it according to their desire. This way they can satisfy their customer and not think about coping their product or other things. So from there, they start customizing products according to their customer need. this will bring great business in all fields which are providing customized products. But automobile industries have a great impact on that as we know having an expensive car in society is a symbol of status. If all people of your community having the same vehicles then how you can differentiate …READ MORE