FaberRoad,a Respected Courier Brand,is Fast Losing Its Market Share to Competitors

question 95

Multiple Choice

FaberRoad,a respected courier brand,is fast losing its market share to competitors who do overnight deliveries of packages or offer lower prices.The company's research department has found that many customers care more about knowing exactly when a package will arrive than getting it the next day.Which strategy would best address the current state of FaberRoad and help it regain its market?

• A) Employing night delivery drivers at a high cost and maintenance charges
• B) Developing radio tags that could be attached to packages to allow for real-time tracking by customers' PCs and mobile phones
• C) Diversifying the different types of packages that can be transported and enabling booking through calls
• D) Acquiring small transportation companies with cheaper trucks and tempos,rebranding,and using them for deliveries
• E) Engaging in expensive advertising with new tag lines and famous celebrities to enhance its brand image in the market

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Definitions:

Positive Entry

The introduction of new firms into a market, increasing competition and potentially leading to innovation and lower prices for consumers.

Current Account Entry

An item in the balance of payments that includes all imports and exports of goods and services, along with income received from or paid to foreign countries.

Current Account

A component of a country's balance of payments that encompasses the trade balance, net primary income, and secondary income.

Net Investment Income

The income generated from investments after deducting all related expenses, such as interest payments, fees, and taxes.