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FIRST DECISION TO MAKE High-quality low price, prices 2 x cheaper compared to the competitors. PROBLEM 1 OPTIONS TO SELECT OPTION CHOSEN 1) Increase discounts
- FIRST DECISION TO MAKE
High-quality low price, prices 2 x cheaper compared to the competitors.
PROBLEM 1
OPTIONS TO SELECT | OPTION CHOSEN | |
1) | Increase discounts on our affected labels to all retailers to match the competition - effectively, lower our margins. | |
2) | Approach the supermarket to produce the generic label ourselves - provided they agree to offer our branded products in higher quantities. | |
3) | Offer an exclusive product to our other large customers - within our existing brands. | |
4) | Do nothing. Wait and see what happens! |
3. How useful was your scorecard in acting as a warning signal about any of the scenario issues that arose?
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