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In addition to Porter's Five Forces and related strategy spectrum, a company could choose to use the complementary framework of customer value proposition. This method
In addition to Porter's Five Forces and related strategy spectrum, a company could choose to use the complementary framework of customer value proposition. This method requires that each company detail its mix of products, prices, services, relationships, and image. In what way is this strategy like Porter's strategic choices? Both strategic plans contain a subset of additional identification. Both strategies strictly focus on maintaining the best pricing in the market. The company must define a mix of what makes up their business. Both strategies strictly focus on providing the most unique products to their customers. Current Attempt in Progress As a company begins to fine tune its strategy, it is prudent to identify its strengths and weaknesses in addition to outside opportunities and threats. This SWOT analysis will ensure the company can effectively evaluate and deal with impacts that will either help or hurt the chances of success. Which of the following represents an opportunity for a mobile dog grooming business? There are existing mobile dog groomers in the area who have older model trucks and grooming technologies. The mobile grooming business is not able to offer all the services that are available at its physical location in the suburbs. The mobile dog groomer has a great relationship with its existing suppliers. The brick-and-mortar store is in a suburb, and the truck can now travel to local fairs and events in the city. Attempts: 0 of 1 used
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