In the 1980s,a lapse in production quality and an increase in Japanese imports drove the Harley-Davidson motorcycle company to the brink of bankruptcy.The company's share of the U.S.super heavyweight market segment-motorcycles with engine capacity of 850 cubic centimeters or more-had shrunk from over 40 percent in the mid-1970s to 23 percent in 1983.But by 1989,Harley-Davidson controlled some 65 percent of this market segment.From a marketing perspective,what was the most likely first step in Harley-Davidson's resurgence?
A) Developing a new mission statement
B) Repositioning its products in the minds of super heavyweight motorcycle buyers
C) Performing a SWOT analysis to assess the firm's internal and external environments
D) Selling new models of super heavyweight motorcycles in both the United States (current) and foreign (new) markets
E) Improving the quality of its products and communicating this to motorcycle buyers
Correct Answer:
Verified
Q234: Which two marketing strategies would be used
Q241: Figure 2-5 Q242: Figure 2-5 Q243: Step 2 in the planning phase of Q244: The initial step in the strategic marketing Q248: A situation analysis requires a firm to Q249: An approach whereby an organization allocates its Q250: Taking stock of where the firm or Q251: The strategic marketing process Q254: The acronym SWOT, as in SWOT analysis,
A)involves taking stock of
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