Comprehensive Exam 1:33:27 Previous Question 3 Question List Next O Question 1 Q

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Comprehensive Exam 1:33:27 Previous Question 3 Question List Next O Question 1 Question 2 Company managers should give serious consideration to changing from a low-cost /Now price Question 4 strategy for branded footwear to a different strategy when company profit margins per branded pair sold are not above the industry average in any of ^ the company's market share is below 15% in 2 or more geographic regions. O Question 5 O Question 6 O Question 7 O Question 8 O Question 9 O Question 10 Question 11 Question 12 O Question 13 O Question 14 the four geographic regions the low-price segment for branded footwear is crowded with competitors and when the company's costs are near or above the industry averages for many/most of the benchmarked cost categories contained in the FIR. more than half of the companies in the industry are manufacturing and marketing branded footwear with an S/Q rating of 8 stars or higher many other companies in the industry are bidding to win contracts to supply private -label footwear to chain retailers. O Question 15 O Question 16 O Question 17 O Question 18 O Question 19 O Question 20 Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Copyright 2018 by Glo-Bus Software, Inc. Next> Answered O No Answer

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They should change to different strategy when:

>>The low-price segment for branded footwear is crowded with competitors and when the company's costs are near or above the industry averages for many/most of the benchmarked cost categories contained in the FIR

   In such a scenario, profits or margins would be very less and sometimes would even be negative. When competition is very high, it is more likely that the companies start price war. In such a scenario companies with high costs cannot survive.

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