Question 3 Next One valid reason or strong signal that a company\'s managers sho

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Question 3 Next One valid reason or strong signal that a company's managers should changing from a low-cost now price strategy for branded footwear to a different strategy is t consider the low-price segment for branded footwear is overcrowded with competitors, making it unduly difficult to earn attractive profits in the low-price end of the branded footwear marketplace. the company has NOT been successful in making good profits selling private-labei footwear. o the company would have to invest in 2 plant upgrades at each plant in order to be adequately profitable. a big fraction of the companies in the industry are selling 350 to 500 models/styles of branded footwear with a 7-star or higher S/Q rating. real success with this strategy requires building more plant capacity than any other company in the industry ht redistributing, or website posting is expressly prohibited and Copyright oO 2018 by Glo-Bus Software, Inc. Next ll ou

Explanation / Answer

One strong and clear signal that the manager must move from the low cost-low price strategy to something else is that the company is not doing good business using that strategy. This means the strategy is not aligned with the orientation of the company.

Hence the answer is (2) The company has not been successful in making good profits selling private label footwear.

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