In a First of Its Kind, a Multinational Tire Manufacturer

question 44

Multiple Choice

In a first of its kind, a multinational tire manufacturer, introduces a new range of premium tires that can handle extreme temperatures better at a higher price. The tires are designed keeping in mind the climatic conditions in the Middle East and products are marketed only in the Middle East. The manufacturer is pursuing ____.

• A) a focused differentiation strategy
• B) a focused low-cost strategy
• C) a general differentiation strategy
• D) a general low-cost strategy
• E) both, a low-cost as well as a differentiation strategy

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Definitions:

Poisson Distributions

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant rate and independently of the time since the last event.

Arrivals PER Unit

A measure in queue theory or operations research indicating the rate at which entities arrive into a system for processing, per unit of time.

Model C

A specific model or version within a series of designs, products, or frameworks, distinguished by unique features or specifications.

M/D/1 System

A queueing model describing a service system with a single server, Poisson arrival process, deterministic service times, and a queue capacity of one.