6/2/2023 0 Comments Pure meaningAt the same time, a conglomerate can sell its different subsidiaries to focus on its main business line. However, a business that started by focusing on one product or industry may expand later. They concentrate on their product or service offering by investing more resources and effort to win customer loyalty and expand the market share resembling a concentration growth strategy. It depicts the company's market position when compared to that of its competitors. Pure play companies follow a specific industry, products, or section of clients, and factors like industry development significantly influence the company’s performance, market share Market Share Market share determines the company's contribution in percentage to the total revenue generated within an industry or market in a certain period.
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