Answer:
Please find the detailed answer as follows:
Explanation:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:
- Increase demand through TQM initiatives
.
- Offer attractive credit terms
.
- Seek excellent product designs, high awareness, and high accessibility
.
- Seek high plant utilization, even if it risks occasional small stockouts
.
- Reduce cost of goods through TQM initiative.
Related concepts to understand the problem.
Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.
The answer to this problem is "CHAMPION" such as when the <span> Senior Executive of the company who promotes the project and ensures its support, both financially and administratively aspects, at the highest or the top levels of the organization is needed to fill the role of a CHAMPION on a development team where he will leads and facilitate to achieve the common goals of the entire organization.</span>
The available demand and goods
Trade barriers could be an answer to this question. Also, an embargo could be an acceptable answer. Let me know if you need more help, and give me a thanks if I helped!
The gross sales margin equals 42.76%
The formula to calculate the Gross Sales Margin is (Revenue - Cost of Goods Sold) / Revenue
Revenue = $137,500 + $425,600 = $563,100
($563,100 - 322,325) / 563,100 =
240,775 / 563,100 = 42.76%
