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: 5Save Answer Add additional products Offer attractive credit terms Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand Reduce cost of goods through TQM initiatives Seek high plant utilization, even if it risks occasional small stockouts Increase demand through TQM initiatives Seek excellent product designs, high awareness, and high accessibility Seek high automation levels Seek the lowest price in their target market while maintaining a competitive contribution margin Reduce labor costs through training and recruitment

Explanation / Answer

The top five sources of competitive advantage that Baldwin would be most likely to pursue are as follows:

1) Offer attractive credit terms.

2) Seek high automation levels.

3) Seek excellent product designs, high awareness, and high accessibility.

4) Add additional products.

5) Seek the lowest price in their target market while maintaining a competitive contribution margin

The above competitive advantages helps the company to gain a good positioning in the market as it covers all critical aspects like processes,pricing,product fit,financial stability etc.

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