Sm Quiz 1

In choosing your initial geographic market, you should focus your attention on which of the following?

investing in plant upgrade options A and C and also consolidating the production of 500 models/styles of branded footwear in a single 12-million pair plant in the Asia-Pacific (to only incur the payment of $14 million in production run setup costs one time).

B. It is a much larger market with many more buyers than the consumer market

The key economic factor that we have over here that Nike company dose not involve in production in any kind of form , instead; it will design the logo or the format and it’s contracts with several hundred factories around the world to manufacture ( Just Do It ).

The following are the descriptive statistics for the questions on XYZ Sporting Goods Company’s survey on a potential new shoe product launch. Continuous variables may also contain inferential statistics when needed to compare variables.

b. The fair value of a liability cannot differ from the amount appearing on the balance

There are other footwear’s that provide the same level of comfort and satisfaction such as the shoes designed by Nike, Adidas, Bata etc. as well as sell at a competitive price.

* Continued investing in TQM quality control to reduce manufacturing costs of Extreme Kicks’ footwear.

This further strengthens brand loyalty as consumers develop further attachment to the brand when they are self-involved in the design of their footwear.

Quality: Nike’s places strong emphasis on the quality of their products by reinforcing their tight measurement on their supplier’s performance. The company has long been known for their superior quality, reliability, and excellent designs. Furthermore, they capitalized on their high quality by investing heavily in marketing initiatives to increase brand loyalty and strengthen consumer confidence, which ultimately increases the consumer utility of their products. Creating a team of Nike Scientists devoted to continuously improving the quality of their products was only one part of their strategy. They also invested heavily in a quality control system known as the InfinityQS, which helps them identify areas of issue and monitor the overall quality of their products. (InfinityQS)

sale of Nike’s high-margin products to high-end customers. Regardless of the low cost of the World Shoes, they

High demand for quality and reduced lead times led the company to a self-sufficiency approach on streamlining its entire value chain from raw hides to finished shoes unlike its major competitors who only designed and marketed their products without in house manufacturing.

The athletic shoe industry will be first analyzed by the Porter’s Five Forces framework. The well-known Porter’s Five Forces is a model that analyzes an industry and helps firms develop a business strategy. The five forces model focuses on six forces that will determine the attractiveness of this industry: (1) the risk of entry by potential competitors, (2) the intensity of rivalry among established companies within an industry, (3) the bargaining power of buyers, (4) the bargaining power of suppliers, (5) the closeness of substitutes to an industry 's products, and (6) the power of complement providers (Hill, Jones, & Schilling, 2015).

Footwear International is a multinational manufacturer and marketer of footwear that has 83 companies in 70 different countries. One of these locations is

Bargaining Power of Suppliers: Suppliers have little bargaining power, and little impact on profit potential because most large athletic shoe manufactures have relocated their factories in countries where labor is inexpensive. Moreover, athletic shoes are manufactured from raw materials such as rubber, leather and nylon. The manufacturing process actually adds to their value.