Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-year strategic plan. The analysis reveals that recent government deregulation has reduced the barriers to entry and several start-ups are entering the industry. Which of these strategies could be a part of the plan to counteract this?
a) Expand into a different industry, serving a different set of customers and their needs.
b) Acquire your biggest supplier, bringing the capability of manufacturing your critical component parts into your business structure.
c) Utilize an intensive advertising campaign to build brand loyalty.
d) Grow industry demand by educating consumers about the features and benefits of products in your industry.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-year strategic ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.75 Direct labor $ 3.40 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 25,200 Sales commissions $ 1.
Answers (1)
The phrase to "design the rules of the game without specifying the actions of the players" refers to what type of manager?
Answers (1)
During the fiscal year 2017, the City of Hickory Hills issued purchase orders to various vendors in the amounts shown for the following functions of the city: General Government $ 164,200 Public Safety 302,000 Public Works 224,400 Culture and
Answers (1)
If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country's trade balance?
Answers (1)
Calculate the return on sales for a business that has net income of $25,000 and sales of $60,000.
Answers (1)
New Questions in Business
Data for an economy shows that the unemployment rate is 10%, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. how many people are in the working-age population in this economy?
Answers (1)
Normally, grant money is treated as gift aid that does not need to be paid back. Which of the following events would require a student to pay back the amount received as grant?
Answers (2)
PA1. LO 2.1Ballentine Manufacturing produces and sells lawnmowers through a national dealership network.
Answers (1)
On July 1, Stan, a steel manufacturer, telephoned Byron and offered to sell Byron six carloads of steel at $600 a ton.
Answers (1)
In the advertising industry, terms such as new advertising, orchestration, and seamless communication were used to describe the concept of Group of answer choices positioning. integration. channel conflict. relationship marketing. diffusion.
Answers (1)