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Assignment:
Redo say professionally we have invested in market reseach to analyze the other competition to get ahead with our sales and profits, upon analyzing we saw our market demand was the second to the lowest in the market compared to our other competitors. To rectify this we added 4 more bikes, 2 in speed and 2 in recreation which we did not have before to meet our competitors. Analyzing our sales we did really well with our Everest bike but unfortuneatly our matterhorn did not do as well as we project in quarter 2. Therefore we decided to not spend money on advertising this quarter for the matterhorn recreational and added the Panther which was focused speed and recreation well, with affordable pricing for all our csutomers and comfort.
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What kind of a business strategy does the company employ (cost leadership/differentiation)? How has that lead to competitive advantage?
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