John Cleaver Is the CEO of Tech World,which Is a Retail

question 134

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.

---

Definitions:

Aggressive Style

A communication or behavioral approach characterized by assertiveness and directness, often prioritizing one's own needs or goals over others'.

Agent Of Change

An individual or entity that acts as a catalyst for transformation within a group, organization, or society, driving progress and innovation.

Policies

Formal guidelines or rules established by organizations or governments to govern behavior, procedures, and decision-making.

Individualist

Refers to a person or philosophy that emphasizes the moral worth of the individual over collective or group identities.