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Exam Name: BCS GDPR Update to Data Protection Foundation Certificate
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NEW QUESTION: 1
NEW QUESTION: 2
According to a model suggested by Arthur D Little, a consulting organization, market share will tend to
A. Not be affected by changes in mind share and heart share.
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C. Increase after gains in mind share but not heart share.
D. Increase after gains in mind share and heart share.
Arthur D Little suggests a three-factor model for assessing a competitor's current and future market share. Market share is the share of the target market. Mind share is the percentage of customers who name the firm as the first that comes to mind" in the industry. Heart share is the percentage of customers who name the firm as the one from which they "would prefer to buy." A competitor that improves its mind share and heart share will ultimately increase its market share and profits.
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