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- For the strength and opportunities listed below. Create one section for matching strengths to opportunities. Discuss how the company can use the strengths to capitalize on the opportunities. You should discuss every single identified opportunity. Strength: It has a solid foundation of trustworthy raw material suppliers, allowing the business to get around any supply chain bottleneck Neiman Marcus products have a consistent level of quality due to the successful automation, which also allows the business to scale up and down in response to market demand. Neiman Marcus Group also developed a solid distribution network through time that can cover most of its prospective market. Opportunities: Less inflation makes the market more stable and makes it possible for Neiman Marcus Group consumers to obtain loans at cheaper interest rates. The business has made significant financial investments into the web platform over the last few years. With this investment, Neiman Marcus Group now has…A retail chain is experiencing a decline in sales and profitability due to increased competition and changing customer preferences. The company has decided to implement a cost-cutting program to improve its financial performance. You have been hired as a consultant to help the company identify areas where cost-cutting can be achieved without compromising the quality of products and services. Which of the following strategies would be most effective for the retail chain to cut costs without compromising the quality of products and services? Reduce staff salaries and benefits Improve supply chain management and logistics to reduce costs Decrease the quality of products and services Cut back on marketing and advertising expensesWhich one of the following is the general environment sector for an organization? Government sector Raw material sector Industry sector None of the above "When an organization does something better than its rival organization, it represents its ____ " Core competency Distinctive competency Competency Competitive advantage
- Best Buy is the largest consumer electronics retailer in the USA, with 2015 sales of over $50 billion. The company competes aggressively on price with such rivals as Costco, Sam's Club, Walmart, and target, but it is also known by consumers for its first-rate customer service. Best Buy consumers have commented that the retailer' sales staff is exceptionally knowledgeable about the company's products and can direct them to the exact location of difficult-to-find items. Best Buy customers also appreciate that demonstration models of PC monitors, digital media players, and other electronics are fully powered and ready for in-store use. Best Buy's Geek Squad tech support and installation services are additional customer service features that are valued by many customers. How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A Differentiation strategy? A best-cost strategy? Explain your answer.Oza has established several successful products in the competitive beverage Why has he been able to achieve this success when large organizations with more resources, such as Coca Cola and Pepsi, are forced to buy these new successful brands?With respect to consumer decision making, the ________ set is the set of strong contenders from which one will be chosen as a supplier of a good or service. * 0/1 total awareness consideration choice decision
- Sybeery is a multinational company known for developing quality software products in EU. For the past two year, the company is facing a problem for not generating enough yearly revenue. The main reason is that resources to carry out the task of developing products are not being managed properly which resulted delays in product completion. For this purpose, the CEO of the company wants to hire a person who will be responsible for overcoming this loss, the company is facing. Which type of person the company should hire? Justify your answer with valid reason.The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics Select one: True FalseWhen an enterprise adopts a true DevOps approach, lines of business, practitioners, executives, partners, and supplier should be included. Select one: True False
- Imagine you run a small apparel shop in rural India and positive about sales of T-shirt this year (2021) due to good monsoon. You ‘signed a contract’ with manufacturer to buy 100 T-shirt of four different colors of equal numbers at Rs 200 each and paid advance 5000 Rs for it. Manufacturer supplied all the T-shirt of same color. Discuss the remedy you have in your hand against the manufacCovid-19 virus originated from China and spread throughout the world because of Chinese government delay in alarming the world about it. This has resulted in supply chain disruptions for many American and European Multi-national corporations who have world-wide presence but have their plants in China or source raw material from there. So, MNCs are planning to reduce their over-dependence on China. Given this, answer the following with illustrations (Word limit – 150 words for each question): What are the various options available for MNCs to shift out of China? What can Indian government do to attract MNCs? And in doing so, will they jeopardize local home-grown companies? Is a balancing act possible?If we have selected a problem and it is climate change which is affecting our environment and we are thinking about a product which is (Water conservation technologies such as drought-resistant crops and greywater systems address the problem of water scarcity, which is an issue that is being exacerbated by climate change) Now we need to answer the following questions on our product shown in the image.