Business in Action (8th Edition)
Business in Action (8th Edition)
8th Edition
ISBN: 9780134129952
Author: Courtland L. Bovee, John V. Thill
Publisher: PEARSON
Question
Book Icon
Chapter 15, Problem 1CTQ
Summary Introduction

Case summary:

The Company C is a retailer that offers certain unique and unusual products which is more expensive but in good quality. Company C carrying only lesser amount of products than its competitors. It prefers only name brand products and some luxury products.

The Company C offers best prices for everything and try to be a toughest negotiator in the business. The Company reached the financial success through lower inventory turnover rate. The selling of fast moving goods leads the company in to merchandise than its competitors. The employees of the company are highly productive and loyal to the company because of higher wages and array of benefits. This also leads to reduce the cost.

The Company C is moving in to fourth decade with a leading market position strong financial performance, millions of satisfied customers and greater annual sales.

To discuss: Whether Company C brings the products which are in low quality and high price by the recommendation of customers.

Expert Solution & Answer
Check Mark

Explanation of Solution

The Company C will not bring the products recommended by the customers. The product is under quality and high expensive so it will leads to destroy the comfort zone of the company. If the company decided to bring that product, then the company loss its position of competitive advantage over high product quality and low price.

The Company C want to focus the needs of potential customers and they are not interested to lose the position of competitive advantage over its competitor’s. According to Person X’s point of view while introducing customer recommended high expensive products will lead to losing competitive advantage. The risk of losing competitive advantage are the following:

  • Losing employees to your competitors
  • Losing customers to your competitors
  • Failing to attract the best talent to your organization
  • Missing out on opportunities that competitors can capitalize on

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
وبة واضافة هذه القيمة الى القيم Ex: Assign each job for each worker at minimum total Cost عمل لكل عامل وبأقل كلفة ممكنة obs الأعمال Workors العمال J1 J2 J3 J4 W₁ 15 13 14 12 W2 11 12 15 13 W3 13 12 10 11 W4 15 17 14 16
The average completion time (flow time) for the sequence developed using the FCFS rule = 11.75 days (round your response to two decimal places). The percentage utilization for the sequence developed using the FCFS rule = 42.55 % (enter your response as a percentage rounded to two decimal places). b) Using the SPT (shortest processing time) decision rule for sequencing the jobs, the order is (to resolve a tie, use the order in which the jobs were received): An Alabama lumberyard has four jobs on order, as shown in the following table. Today is day 205 on the yard's schedule. In what sequence would the jobs be ranked according to the decision rules on the left: Job Due Date A 212 B 209 C 208 D 210 Duration (days) 6 3 3 8 Sequence 1 Job B 2 3 4 A D The average tardiness (job lateness) for the sequence developed using the SPT rule = 5.00 days (round your response to two decimal places). The average completion time (flow time) for the sequence developed using the SPT rule = 10.25 days…
With the aid of examples, fully discuss any five (5) political tactics used in organisations.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.