Skylark Sodas has been a market leader in the soft drink industry for several decades. However, its market research shows that consumer tastes have begun to shift to sugar-free flavored seltzer waters, a product that Skylark is capable of producing with minimal changes to its facilities and production processes. Based on your knowledge of the core competence-market matrix, which diversification strategy should Skylark pursue?

A. Redeploy and recombine existing core competencies to compete in markets of the future.
B. Build new core competencies to protect and extend current market position.
C. Leverage existing core competencies to improve current market position.
D. Build new core competencies to create and compete in markets of the future.


Answer: A

Business

You might also like to view...

What is the main reason that a business suffers several economic consequences when a dissatisfied customer leaves?

A) The cost of attracting a new customer is greater than retaining a current customer. B) The business's competitors enjoy a greater customer loyalty toward the same type of products. C) The amount of money spent on developing the product for the dissatisfied customer cannot be reimbursed. D) The business has to pay a large compensation fee to the customer. E) The future costs for the development of a similar product increases abruptly.

Business

Which statement is not related to statistics associated with cross-tabulation?

A) The statistical significance of the observed association is commonly measured by the chi-square statistic. B) The t test could be conducted on the mean of one sample or two samples of observations. C) Generally, the strength of association is of interest only if the association is statistically significant. D) The strength of association can be measured by the phi correlation coefficient, the contingency coefficient, Cramer's V, and the lambda coefficient.

Business

The gross domestic product (GDP) is the overall pattern of changes or fluctuations of an economy, such as prosperity, recession, and recovery

Indicate whether the statement is true or false

Business

Industry analysts are a source of secondary market data

Indicate whether the statement is true or false

Business