Questions: Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region? - The number of private-label models/styles the company offers to supply - Whether the company offers to deliver the orders of chain retailers for private-label footwear in less than 4 weeks - The company's customer service rating - How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies - Whether the company agrees to allow the celebrities it has under contract to endorse its branded footwear to also endorse the private-label footwear it supplies

Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region?

- The number of private-label models/styles the company offers to supply
- Whether the company offers to deliver the orders of chain retailers for private-label footwear in less than 4 weeks
- The company's customer service rating
- How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies
- Whether the company agrees to allow the celebrities it has under contract to endorse its branded footwear to also endorse the private-label footwear it supplies
Transcript text: $\leftarrow$ Previous Question 5 Next $\rightarrow$ Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region? The number of private-label models/styles the company offers to supply Whether the company offers to deliver the orders of chain retailers for private-label footwear in less than 4 weeks The company's customer service rating How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies Whether the company agrees to allow the celebrities it has under contract to endorse its branded footwear to also endorse the private-label footwear it supplies Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Copyright © 2024 by Glo-Bus Software, Inc. ver: 1966722 $\leftarrow$ Previous
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Solution

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The answer is: How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies.

Explanation:

  1. The number of private-label models/styles the company offers to supply: While having a variety of models and styles can be beneficial, it is not the most critical factor in securing contracts. Retailers are often more concerned with cost and delivery terms.

  2. Whether the company offers to deliver the orders of chain retailers for private-label footwear in less than 4 weeks: Timely delivery is important, but it is typically secondary to pricing. Retailers may prioritize cost savings over slightly faster delivery times.

  3. The company's customer service rating: Good customer service can enhance relationships and lead to repeat business, but it is not usually the primary factor in initial contract decisions, especially in price-sensitive markets.

  4. How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies: Price is often the most important competitive factor, especially in private-label markets where retailers aim to maximize their profit margins. Offering a competitive price can be decisive in securing contracts.

  5. Whether the company agrees to allow the celebrities it has under contract to endorse its branded footwear to also endorse the private-label footwear it supplies: Celebrity endorsements can add value, but they are generally more relevant to branded products rather than private-label goods, which are typically marketed under the retailer's brand.

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