Review the Inquirer to determine Baldwins current strategy. Where will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue.

Select: 5

	1. Seek high plant utilization, even if it risks occasional small stockouts
	2. Increase demand through TQM initiatives
	3. Seek the lowest price in their target market while maintaining a competitive contribution margin
	4. Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
	5. Add additional products
	6. Reduce labor costs through training and recruitment
	7. Offer attractive credit terms
	8. Seek high automation levels
	9. Seek excellent product designs, high awareness, and high accessibility
	10. Reduce cost of goods through TQM initiatives (REFERENCE BELOW INFORMATION)

Annual Report C59559 Baldwin Balance Sheet ASSETS DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets $15,400 for that year. Cash: Your end-of-year cash Cash position. Accounts Receivable: Reflects Accounts Receivable $11,804 $14,336 the lag between delivery and payment of inventory your products. Inventories: The current value of your inventory across all products. Total Current Assets $41,540 A zero indicates your company stocked $93,960 out. Unmet demand would, of course, fa Plant & Equipment to your competitors. Plant & Equipment Accumulated ($41,287) The current value of your plant. Accum Depreciation Deprec: The total accumulated Total Fixed Assets $52,673 depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services Total Assets $94,214 Current Debt: The debt the company is obligated to pay during the next year of LIABILITIES & operations. It includes emergency loans OWNERS' EQUITY used to keep your company solvent should you run out of cash during the year. Long Accounts Payable $7,599 Term Debt: The company's long term debt current Debt $13,954 s in the form of bonds, and this represents Long Term Debt $20,853 the total value of your bonds. Common Stock: The amount of capital invested by Total Liabilities $42,406 shareholders in the company. Retained Earnings: The profits that the company Common Stock 803 chose to keep instead of paying to $43,005 Retained Earnings shareholders as dividends. Total Equity $51,808 Total Liab. & O. Equity $94,214 2017 Common Size 16.3% 12.5% 15.2% 44.1% 99.7% -43.8% 55.9% 00.0% 8.1% 14.8% 22.1% 45.0% 9.3% 45.6% 55.0% 00.0% Round: 1 Dec. 31, 2017 2016 $17,334 $9,833 $17,117 $44,284 $84,380 ($35,023) $49,357 $93,641 $6,601 $18,436 $19,477 $44,514 $9,100 $40,027 $49,127 $93,641