Benz & Frendz Corp., a manufacturer of high end consumer durables, experienced sluggish sales growth in most of its product categories during three consecutive quarters of 2009. However, market analysis revealed that its competitors’ sales had also slackened during this period. Analysts pointed out that when all firms are losing sales, it is extremely important to adopt strategies that are aimed at retaining customers. This led the firm to reduce operation costs while maintaining product quality. They also revamped their marketing strategy to focus on the values created by their products. Which of the following can be inferred from the strategies adopted by the firm?
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General Motors’ executives work for a short time in some dea…
General Motors’ executives work for a short time in some dealerships, and some dealership owners work in GM’s dealer policy department. This strategy helps the company avoid conflicts with its dealers. This is an example of the ________ strategy.
In its focus on bottom-line financial value, the ________ ap…
In its focus on bottom-line financial value, the ________ approach often overlooks the “option value” of brands and their potential to affect future revenues and costs.
As inventory draws down, management must know at what stock…
As inventory draws down, management must know at what stock level to request additional stock. This stock level is called the ________.
When Mercedes successfully introduced its C-Class cars at $3…
When Mercedes successfully introduced its C-Class cars at $30,000 without injuring its ability to sell other Mercedes cars for $100,000, it was an example of a successful ________.
With the ________ heuristic, predictions of usage are based…
With the ________ heuristic, predictions of usage are based on quickness and ease of use.
In evaluating different market segments, the firm must look…
In evaluating different market segments, the firm must look at two factors: the segment’s overall attractiveness and the ________.
________ encompass sales forecasting, production planning, a…
________ encompass sales forecasting, production planning, and inbound materials transportation.
Robert has heard about the latest cell phone from LG Electro…
Robert has heard about the latest cell phone from LG Electronics that features Wi-Fi hotspot technology. Wi-Fi hotspot is a technology that allows users to share mobile internet with other Wi-Fi enabled devices. Robert visits the company’s Web site to read more about the phone. Robert is in the ________ stage of consumer-adoption process.
Troma Inc. is a famous manufacturer of cookware that follows…
Troma Inc. is a famous manufacturer of cookware that follows a traditional distributor-retailer system to distribute its products. The company abstains from the use of automated supply chain management (SCM) systems mainly due to the fear of unknown. However, rapidly escalating operational costs and inefficiencies have made it necessary for the company to implement an SCM system. The company goes for a big-bang installation of SCM system to become more competitive and cost effective. Identify the adopter group to which Troma belongs.