Which mission statement best represents the Baldwin company? Select: 1   Lasting innovation is our motivation

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Which mission statement best represents the Baldwin company?

Select: 1

Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.   Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products.   Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on.   Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments.

Review the Inquirer to determine Baldwin’s current strategy. Where will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue.

Select: 5

Reduce labor costs through training and recruitment   Add additional products   Increase demand through TQM initiatives   Reduce cost of goods through TQM initiatives   Seek high plant utilization, even if it risks occasional small stockouts   Offer attractive credit terms   Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand   Seek the lowest price in their target market while maintaining a competitive contribution margin   Seek high automation levels   Seek excellent product designs, high awareness, and high accessibility