00:01
Hello student, in the given question, a valid reason or strong signal, strong signal that a company should consider, a company should consider, consider changing from a lower cost to lower price strategy, changing from a low cost or low price strategy, strategy for branded footwear, for branded footwear, footwear, for branded footwear to a different strategy, to a different strategy, strategy would be, would be option, correct option is option c, correct option is option c, option c, which is the company's cost, the company's cost are far above, far above the industry average, the industry average for many of the benchmark, benchmark cost category, categories, this indicates that the company, this indicates that the company is facing higher cost, facing higher costs compared to, to its competitors in the industry, to its competitors, competitors, in the industry, industry, if the company's cost are significantly higher, if the company's cost are significantly higher, it may struggle to maintain, it may, company's cost are significantly higher, it may, struggled, struggled, struggled, to maintain, to maintain profitability, profitability, and competitiveness, and competitiveness, in low cost and low price strategy, in low cost and low price strategy...