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Katen [24]
3 years ago
12

Peter's Pans makes cast-iron cookware. It decides to acquire another similar-sized cast-iron cookware company in the hope that i

ts larger size will enable it to snag some market share away from Iron Maiden, the industry leader. What is Peter's Pans strategy?
Business
1 answer:
mylen [45]3 years ago
7 0

Answer:

Peter's Pans is trying to overcome competitive disadvantage

Explanation:

Competitive advantage is the ability of a company to produce goods in such a way that it captures market share from other companies.

Competitive advantage can be with regard to quality, price, services, and so on.

In this scenario the Peter Pan wants to obtain a similar sized cookware company. This will make his company to be larger in size.

He intends to use the larger size of the company as a way to overcome competitive advantage of Iron Maiden, the industry leader.

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