Question

Determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue. Select: 51.Reduce labor costs through training and recruitment2.Seek high plant utilization, even if it risks occasional small stockouts3.Seek high automation levels4.Increase demand through TQM initiatives5.Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand6.Reduce cost of goods through TQM initiatives7.Offer attractive credit terms8.Seek the lowest price in their target market while maintaining a competitive contribution margin9.Add additional products10.Seek excellent product designs, high awareness, and high accessibility

Answer 1

Please find the detailed answer as follows:

Step-by-step 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.