Dear student, The following steps can be followed by the manager: The management must follow a strategic plan to face the competition The management must work towards the quality of the product It must take into consideration quality of the product and any new technological advances In order to survive in the competition and to attract greater number of customers it can also make use of various promotional techniques such as advertising, offering discounts, etc

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Dear student,
The following steps can be followed by the manager:

The management must follow a strategic plan to face the competition.
The management must work towards the quality of the product.
It must take into consideration quality of the product and any new technological advances.
In order to survive in the competition and to attract greater number of customers it can also make use of various promotional techniques such as advertising, offering discounts, etc.

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