John Cleaver Is the CEO of Tech World, Which Is

question 135

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:

Coded Coupons

Coupons that are assigned specific numeric or alphanumeric codes to track the source or eligibility of the offer.

Dated Coupons

Dated Coupons are promotional offers or discounts provided to consumers that are only valid until a specific expiration date, encouraging prompt purchases.

Self-Produced

Items or content that are created in-house or independently, without the direct involvement of external parties.

Small Business Advertising

Marketing activities and campaigns specifically designed and executed to promote the products or services of small businesses within a limited budget.