TrueFalse 1 Since the meltdown of 2008 many large companies

True/False

1. Since the “meltdown” of 2008, many large companies (such as IBM) have issued more debt (corporate bonds) and used the proceeds for research and development to develop new products/product lines.

2. “Maytag” and “Schlitz” are companies which demonstrate that “brand loyalty” are more important than “retaining quality” (of the product) in retaining present and future customer sales.

3. A good argument can be made that the demise of once-giant retailers such as Sears and K-Mart was a result of poor strategy formulation.

5. Effective strategy evaluation is unrelated to the use of accurate metrics.

Short answers.

6.PetSmart,Inc has 2 major compoetitors.Identify them.

7.Identify one strength,one weakness,one opportunity and one threat regarding the company Lowe\'s.

8.There are no solutions ,rather only..................

9.Identify a product for which \"demand\" is inherently inelastic,and one which (conversely)is highly elastic.

Solution

Answer:

True/False

1. Since the “meltdown” of 2008, many large companies (such as IBM) have issued more debt (corporate bonds) and used the proceeds for research and development to develop new products/product lines. True

2. “Maytag” and “Schlitz” are companies which demonstrate that “brand loyalty” are more important than “retaining quality” (of the product) in retaining present and future customer sales. False

3. A good argument can be made that the demise of once-giant retailers such as Sears and K-Mart was a result of poor strategy formulation. True

5. Effective strategy evaluation is unrelated to the use of accurate metrics. False

Short answers.

6.PetSmart,Inc has 2 major compoetitors.Identify them.

Answer: Internet based retailer such as Amazon and Ebay.

7.Identify one strength,one weakness,one opportunity and one threat regarding the company Lowe\'s.

Answer:

Strength: Efficient marketing and merchandising

Weakness: Lack of control over product manufacturing

Opportunity: Increase in e-commerce and m-commerce sales

Threats: US economic conditions.

8.There are no solutions ,rather only opportunities.

9.Identify a product for which \"demand\" is inherently inelastic,and one which (conversely)is highly elastic.

Answer:

Inelastic: Premium Cars like BMW

Elastic: Lifestyle goods like clothes.