John Cleaver Is the CEO of Tech World, Which Is

question 207

Multiple Choice

John Cleaver is the CEO of Tech World, which is a retail store that sells computers, monitors, cameras, televisions, and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's five forces analysis, John determines that all of the forces are high in this new industry.What should John do?

• A)Explode into the market with an overflow of the product.
• B)Contemplate other products to introduce at the same time in this new market.
• C)Compare the competitor's prices and offer his product lower in this new market.
• D)Not introduce the product because all five forces are strong, and this would be a highly risky business strategy.

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Definitions:

Vortex Flow

Eddy force created by rotational movement. Both a whirlpool and a tornado produce vortex flow, as do the dynamics of a torque converter. See vortex oil flow.

Torque Multiplied

The increase in torque generated through the use of a mechanical system like a gearbox, allowing for greater force to be applied without increasing input power.

Flex Plate

A component in automatic transmission vehicles that connects the engine to the torque converter, allowing for flexion and torque transfer.

Crankshaft

A crucial engine component that converts the reciprocating motion of the pistons into rotational motion to drive the vehicle.