Access to markets

Section 5 : Monitoring and adapting to market changes

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As with any aspect of business, accessing markets is not a one-time effort but an ongoing process. Markets evolve and therefore you must continuously monitor shifts in customer behaviour, competition and regulatory environments to stay ahead. Regularly review your market entry strategies and adjust them as needed to keep pace with changes in demand and industry trends.

For instance, a business that once relied solely on physical locations may need to pivot towards a more online-centric model as customer preferences shift toward digital shopping experiences. Likewise, a business operating in a highly regulated industry may need to update its compliance practices as laws and standards change. Staying agile and proactive will ensure that your business continues to thrive in these continuously changing markets.

 

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