During a pandemic like today, what should do a wine company or industry in order to...

80.2K

Verified Solution

Question

General Management

During a pandemic like today, what should do a wine company orindustry in order to survive the crisis ? ( choose 3 from the sixbasic strategies generic ) and why ? defending in 1 paragraph foreach strategy the reason for your choice.

Answer & Explanation Solved by verified expert
4.4 Ratings (972 Votes)
The 6 startegic generic are as follows Broad Cost Leader Broad Differentiator Niche Cost Leader Niche Differentiator Cost Leader with Product Lifecycle Focus Differentiator with Product Lifecycle Focus In the pandemic situation like today the wine marketindustry is likely to exhibit the following Immediate buying stocking by the end user of good qualitybrand wines Regular users will consume more wine Stock out at retail points due to point 1 as well as nolimited distribution during lockdown Logisctics and Supply chain goes for a toss Raw material prices likely to increase    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students