Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question: A low - cost strategy would work best for which of these companies? Multiple Choice A ) Caterpillar, because it possesses the capability to
Question: A lowcost strategy would work best for which of these companies?
Multiple Choice
A Caterpillar, because it possesses the capability to incorporate attractive or upscale attributes at a lower cost than rivals
B Vanguard, because the products of rival fund managers are essentially identical and are readily available from several sellers
C Rolex, because it can command a high price premium for its high fashion designs
D Canada Goose, because using smallscale production or custommade products, it focuses on product features and attributes that appeal specifically to niche members
E Clincas del Azcar because it is able to use technology to lower its costs significantly by limiting its customer base to a welldefined buyer segment
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started