m/studentexam/boardquery/boardquery jscfm?studentKey-1555852&gsimid-Internet; Ex

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m/studentexam/boardquery/boardquery jscfm?studentKey-1555852&gsimid-Internet; Explorer xm/studentexam/boardquery/boardquery js.cfm2studentKey-15558528kgsimid-C595598simid COMPXM comp M Exam NUER Points: 28 2006 Capsim Management Simulations, In Review the following list, select the e Inquirer to determine Chester's current strategy. Where wil they seek a competitive advantage? From the top five sources of competitive advantage that Chester would be most likely to pursue Save Answer Select 5 Accept lower plant utilization and higher capacities to insure sumcent capacity is available to meet demand Add additional products increase demand through TQM initiatives seek high plant utilization, even if it risks occasional small stockouts Reduce cost of goods through TOM initiatives Reduce labor costs through training and recruitment seek excellent product designs, high awareness, and high accessiblity seek the lowest price in their target market itie seek high automation levels offer attractive credit terms maintaining a competitive contribution margin e USA and Canada 377 m s787 roeher, 1 ,1247 72001 eapsimeon ro sale Comp-XM8, Capsms and Caps

Explanation / Answer

1)

Accept lower plant utlization & higher capacities to ensure sufficient capacity is available to meet demand

2)

Reduce cost through TQM intiatives

3)

Seek lowest price in the target market while maintaining competitive advantage

4)

Reduce Labour cost through training and recruitment

5)

Increase demand through TQM

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