Ask Question
BusinessBusiness
3 April, 05:51

Gemco Inc., a high-end luxury jewelry manufacturer, has training programs to ensure that its current

employees always design and manufacture jewelry in keeping with its high quality standards. Which of the following directional strategies has Gemco adopted?

Concentration

Liquidation

Benchmarking

Rightsizing

Divestment

+1
Answers (1)
  1. 3 April, 06:20
    0
    Option A Concentration strategy

    Explanation:

    The reason is that the concentration strategy includes the complete focus of the company on a single product and to develop it further into a great product (Product development). For this the company invests its resources to ensure the product is desireable by the greater number of customers. So in this case the company is focusing to design and manufacture jewelry that alligns with its quality. The new product development is the type of product which is the focus of the company so the answer is Concentration, option A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gemco Inc., a high-end luxury jewelry manufacturer, has training programs to ensure that its current employees always design and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Reyna, a manager at an accounting firm, notices that her employees do not complete the tasks assigned to them within planned time limits. Further, they are often absent for unexcused reasons.
Answers (1)
What handles more trades than any other market, the NTSE or Nasdaq?
Answers (2)
ABC Grocers uses a separate checking account to pay their employees. The gross pay for the period was $850. However, after deductions were taken out, the net pay for the period was $790.
Answers (1)
Under the Fair Credit Reporting Act, if the consumer Challenges the accuracy of the information contained in his or her report, the reporting agency must Respond to the consumer's complaint Defend the report if the agency feels it is accurate,
Answers (1)
Michael is the owner of a steel refinery in Pittsburgh, PA. The market (his sales) price for a ton of steel increased from $400 per ton in October to $600 per ton in November.
Answers (1)
New Questions in Business
A retired person with $200,000 to invest states that "current income" is her main investment objective. Which of the following would be most suitable? (A) High yield bonds and growth stocks (B) Municipal bonds, U. S.
Answers (1)
How do compliments and substitutes affect demand?
Answers (1)
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)
In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when
Answers (1)
The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.
Answers (1)
Home » Business » Gemco Inc., a high-end luxury jewelry manufacturer, has training programs to ensure that its current employees always design and manufacture jewelry in keeping with its high quality standards.
Sign Up Forgot Password?