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Complete 1 page APA formatted essay: BUSINESS RESEARCH TEAM RESEARCH.This has been attributed to the entrance of manufacturers such as Micromax Mobile, Lenovo, Huawei, and Xiaomi, which have brought i
Complete 1 page APA formatted essay: BUSINESS RESEARCH TEAM RESEARCH.
This has been attributed to the entrance of manufacturers such as Micromax Mobile, Lenovo, Huawei, and Xiaomi, which have brought in low-priced products with high performance and high-end specifications (Trefis, 2014). Consequently, these competitors have been finding indulgence and favor among aspirational, budget-mindful consumers who feel that their tastes, preferences and needs are sufficiently met by the companies. Emerging markets are proving to be troublesome to Samsung due to its inability to compete effectively with the new entrants that bring in innovation, more customer-tailored products and services, and low prices that consumers find attractive. Emerging markets that were once lucrative to Samsung have now turned into a liability (Trefis, 2014). What is hurting Samsung most is the sheer fact that consumers have decided to expand their horizon and seek other brands that the market provides. Apparently, due to competition, Samsung is losing its loyal customer and might soon be operating at a loss unless the management takes an immediate corrective action to contain the competition and electronics
