Question
Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones is true? The strategy
Which of the following statements about crafting a strategy to be competitively successful in the markets for action cameras and drones is true?
The strategy and competitive approach that most frequently produces good-to-excellent overall company performance involves assembling and selling action cameras and UAV drones with P/Q ratings that are 1-star or higher than the worldwide average.
There is no built-in bias that favors any one strategy or approach to competing over all the others.
So long as a company is profitable, there is no compelling need for its managers to make changes or adjustments in the company's strategy and competitive actions/efforts in response to the shifting strategies and competitive efforts of rival companies that are actively striving to improve their overall performance.
GLO-BUS has a built-in bias that favors the company that operates most cost-efficiently, produces the cameras and drones with the lowest costs per unit, and sells them at the lowest prices in each geographic region.
What really drives the sales/market share success/failure of any one company's strategy for competing in the marketplace is whether its prices in the 4 geographic regions are below the industry averages and whether its P/Q ratings are well above the industry averages in all 4 regions.
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