question archive Review the Inquirer to determine Digby's current strategy
Review the Inquirer to determine Digby's current strategy
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Review the Inquirer to determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue. Select: 5
1.Reduce labor costs through training and recruitment
2.Seek high plant utilization, even if it risks occasional small stockouts
3.Seek high automation levels
4.Increase demand through TQM initiatives
5.Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
6.Reduce cost of goods through TQM initiatives
7.Offer attractive credit terms
8.Seek the lowest price in their target market while maintaining a competitive contribution margin
9.Add additional products
10.Seek excellent product designs, high awareness, and high accessibility
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Answer:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows.
Increase demand through TQM initiatives
Offer attractive credit terms
Seek excellent product designs, high awareness, and high accessibility
Seek high plant utilization, even if it risks occasional small stockouts
Reduce cost of goods through TQM initiative
