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: 5

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

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.

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