If Canon Camera Company Follows a High-Price,high-Margin Strategy,what Will Competitors

question 52

Multiple Choice

If Canon Camera Company follows a high-price,high-margin strategy,what will competitors such as Nikon,Minolta,and Pentax most likely do?

• A) They will go out of business.
• B) They will want to compete against Canon.
• C) They will advertise less.
• D) They will bundle their products.
• E) none of the above

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Definitions:

SWOT Analysis

A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.

Internal Sources

Funding or resources generated from within an organization, including retained earnings, sale of assets, or employee skills and knowledge.

Inadequate Employee Skills

The gap between the skills employees have and the skills required for them to effectively perform their job roles.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.