1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pani-rosa [81]
2 years ago
8

For the past two years, Swen Johannsen, owner/general manager of Swen's Fine Duds, a local men's clothing store, has fought to s

tay in business. In the face of increasing competition, Swen has tried several tactics: aggressively promoting price-slashing sales to drive his competitors' customers to his doors; attempting to cut costs by leveling out sales and inventory through seasonal sales; as well as lining up contracts with wholesalers in advance of seasonal rushes (e.g., summer swimwear) to prevent inventory depletion. He has even recruited the president of the chamber of commerce to sit on his board. None of these tactics have been successful. Now, Swen is considering a deviation from his current business to one that might be more suitable, perhaps a formal wear/tuxedo rental and retail shop or a boutique Western wear store. Swen is using _____ as his final tactic.
Business
1 answer:
Viefleur [7K]2 years ago
4 0

Answer:

Swen is using product/service repositioning strategy.

Explanation:

Product Repositioning simply refers to the art of altering the target markets perception of one's product and or services.

Swen is still in the clothing business. He has only changed the way he delivers it to the target consumers.

Of course, this sometimes calls for a change in product mix (which refers to altering the type of products being offered). However, the central idea of the strategy still holds as customers now see the business differently.

This type of strategy is easier to pull off for start-ups, or unpopular businesses trying to make a comeback. Where the business is a well-established brand, it can prove extremely difficult and may be costly.

Cheers.

You might be interested in
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8
Firlakuza [10]

Answer:

Please see journals below

Explanation:

Retained earnings Dr $104,000

Common dividend payable Cr $104,000

Common dividend payable Dr $104,000

Cash Cr. $104,000

Retained earnings Dr $100,100

Common dividends payable Cr $100,100

Common dividends payable Dr $100,100

Cash Cr $100,100

Retained earnings Dr $110,000

Common dividends payable Cr $110,000

Working

Dividends payable

= 190,000 × $0.55

= $104,000

Common dividend payable

= $0.55 × (190,000 shares - 8,000 shares)

= $100,100

7 0
3 years ago
Match the definitions to the words by filling in the correct letter. a. desire for pleasure b. belief that something might be tr
Ahat [919]

Answer: In the answer I was able to match each sentence to the particular word they describe:

a. A desire for pleasure is VOLUPTUOUSNESS.

b. To belief that something might be true even though it cannot be confirmed is to SURMISE.

c. An extremely large number is a MYRIAD.

d. To pay a cost or expense is to DEFRAY.

e. A barren, open country covered with small shrubs is a HEATH.

3 0
3 years ago
How is it possible for a company to show positive net income but go bankrupt? Give one example.
Akimi4 [234]
It happens when companies stretch their business to complete a particular project and payment does not come in a timely manner. The second takes place when liabilities are greater than assets of an organization.
3 0
2 years ago
Read 2 more answers
jack masters earns $39, 200 a year. his monthly expenses total$1,700. what is the minimum amount of money that Mr masters should
tangare [24]

Answer:

$20,400

Explanation:

since Jack Master,s expenses has not exceeded $1,700. He should set aside $1,700*12 = $20,400

3 0
3 years ago
It costs Sunland Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A for
liq [111]

Answer:

The Net income will increase by $6,400

Explanation:

Use the following formula to calculate the effect on the net income

As the fixed cost is irrelevant to special order

Net income = Increase in revenue - Increase in Variable cost - Special shipping cost

Where

Increase in revenue = 3200 x $15 = $48,000

Increase in Variable cost = 3200 x $12 = $38,400

Special shipping cost = 3200 x $1 = $3,200

Placing values in the formula

Net income = $48,000 - $38,400 - $3,200

Net income = $6,400

Hence, the net income will increase by $6,400

4 0
2 years ago
Other questions:
  • The Peridot Company purchased machinery on January 2, 2019, for $800,000. A five-year life was estimated and no residual value w
    15·1 answer
  • Products whose demand rises when another product’s price increases are called
    14·2 answers
  • Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand
    10·1 answer
  • According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the
    12·1 answer
  • What are the largest asset and the largest liability of a typical​ bank? A. Loans are the largest liability and deposits are the
    5·1 answer
  • True or False? A Product is a good or service that a customer needs. It can also be an experience that a customer wants.
    13·1 answer
  • in a period of rising prices, the inventory method which tends to give the highest cost of goods sold value is
    15·1 answer
  • Luke Corporation issued at a premium of $5,000 a $100,000 bond issue convertible into 2,000 shares of common stock (par value $2
    12·1 answer
  • You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is cons
    14·1 answer
  • Why did hans bethe argue against the strategic defense initiative (sdi) program?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!