MD Properties is a full-service real estate firm that follows the classic European estate agency paradigm that is based in Qatar (MD Properties, 2022). MD Properties prides itself on the investment made in grass-roots human resource, via in-depth training, product knowledge acquisition, and personal development programs. It is known for its extensive collection of luxury properties and outstanding client service. As a result, it’s no surprise that recommendations account for 80% of MD Properties’ business. The core values of the company is to meet the obligations of corporate citizenship by contributing to the well-being of the society.
Customers have the most direct impact on a company’s microeconomics. The plain fact is that you can’t run a for-profit business without attracting specific clients. Building a customer base and producing revenue streams need knowing your ideal consumer types and developing and presenting efficient marketing strategies. MD Properties had its list of clients, yet it is not enough to prevent an impact of customer-relationship problems that may affect the company.
The level of competitiveness has an impact on a compnay’s financial well-being. In theory, having more competitors reduces a company’s proportion of client spending money. A big number of competitors in an industry, on the other hand, usually indicates high demand for the products or services offered. If there isn’t enough competition in a given industry, a company might not be able to sustain long-term success.
The level of competition is mainly described by product features. MD Properties is homogeneous that is identical to others already on the market. Therefore, it has many competitors in market.
Reference List
MD Properties. 2022. Qatar Real Estate, Property Finder Qatar, Rent Doha Qatar Real Estate. Web.