Coral Inc. is a company specializing in the manufacture of crystal ware. It is based out of Charleston, South Carolina, and has a profitable market share in the southern states of Florida and Georgia as well. The managers at Coral Inc. are aware of entrepreneurial opportunities outside these states. After a decade of successful business in these three states, the company has decided to reach out to a larger market. This will mean hiring more resources and greater financial investments. Which of the following, if true, would MOST strengthen the argument for expanding the business to other states?
A) The company is struggling to maintain its products' quality because of the increasing bargaining power of suppliers.
B) Customers in these states are showing interest in buying more products of the same product category.
C) Recent financial results show that their competitors are incurring losses.
D) Market research indicates that very limited changes in existing products will be required to attract prospective customers in neighboring states.
E) Melamine kitchenware items are doing better business than glass and crystal.
Correct Answer:
Verified
Q43: Jose has successfully initiated a business of
Q43: Which of the following is true about
Q44: Jerry starts his own business even when
Q45: _ is the process in which an
Q47: _ refers to the activities and investments
Q64: _ occurs when a firm attempts to
Q65: _ occurs when firms develop new culture,processes,or
Q76: Which of the following is the most
Q78: _ involves improving the firm's ability to
Q79: _ occurs when a firm proactively seeks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents