Asked by Yuleisy Garcia on May 08, 2024
Verified
In the past several years, Dawson Inc., a consumer durables company, has been focusing only on a particular region due to its forecasted potential for the durables industry. Due to recessionary conditions in the region, the sales of Dawson's products have been hit hard, resulting in severe losses. Which of the following strategies could prevent such a scenario?
A) Brand leadership
B) First-mover strategy
C) Global diversification
D) Niche strategy
Global Diversification
A strategy that involves a company expanding its operations and investments across a wide range of countries and markets to reduce risk.
Consumer Durables
Goods that are not consumed or destroyed in use and thus have a long life, such as appliances, cars, and furniture.
Recessionary Conditions
Economic circumstances characterized by a decline in GDP, income, employment, and trade, lasting for a period of time.
- Learn about various strategies in business, including cost leadership, focus strategies, and differentiation to attain a competitive position.
Verified Answer
Learning Objectives
- Learn about various strategies in business, including cost leadership, focus strategies, and differentiation to attain a competitive position.
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