Review the Inquirer to determine Baldwin\'s current strategy. How will they seek

Question

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

Explanation / Answer

1. Offer attractive credit terms

2. Seek excellent product designs, high awareness, and high accessibility

3. Add additional products

4. Seek the lowest price in their target market while maintaining a competitive contribution margin

5. Reduce cost of goods through TQM initiatives

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