May and Ray have spent years repairing Volkswagens, and have become very knowledgeable in Volkswagen repairs. They have also built up a network of reliable Volkswagen mechanics and parts dealers. Their network profers them superior access to low-cost parts. They eventually decide to open a repair shop of their own. Which of the following statements represents a possible business strategy for May and Ray's repair shop? Group of answer choices “We will double the number of Volkswagens we service each year, thus increasing our volume of parts purchased, thus decreasing our costs and increasing our economic value.” “We will utilize our superior knowledge of Volkswagen repair as well as our network of parts dealers to repair Volkswagens for less than standard price, thus attracting more customers, thus increasing our volume of parts purchase, further decreasing our costs.” “We provide high-quality, efficient Volkswagen repair for a fraction of the going rate.”
May and Ray have spent years repairing Volkswagens, and have become very knowledgeable in Volkswagen repairs. They have also built up a network of reliable Volkswagen mechanics and parts dealers. Their network profers them superior access to low-cost parts. They eventually decide to open a repair shop of their own. Which of the following statements represents a possible business strategy for May and Ray's repair shop? Group of answer choices “We will double the number of Volkswagens we service each year, thus increasing our volume of parts purchased, thus decreasing our costs and increasing our economic value.” “We will utilize our superior knowledge of Volkswagen repair as well as our network of parts dealers to repair Volkswagens for less than standard price, thus attracting more customers, thus increasing our volume of parts purchase, further decreasing our costs.” “We provide high-quality, efficient Volkswagen repair for a fraction of the going rate.”
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...
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Question
May and Ray have spent years repairing Volkswagens, and have become very knowledgeable in Volkswagen repairs. They have also built up a network of reliable Volkswagen mechanics and parts dealers. Their network profers them superior access to low-cost parts. They eventually decide to open a repair shop of their own. Which of the following statements represents a possible business strategy for May and Ray's repair shop?
Group of answer choices
“We will double the number of Volkswagens we service each year, thus increasing our volume of parts purchased, thus decreasing our costs and increasing our economic value.”
“We will utilize our superior knowledge of Volkswagen repair as well as our network of parts dealers to repair Volkswagens for less than standard price, thus attracting more customers, thus increasing our volume of parts purchase, further decreasing our costs.”
“We provide high-quality, efficient Volkswagen repair for a fraction of the going rate.”
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