Remington Arms Expanding to New Markets
What is Remington Arms investigating in order to exploit new markets?
a) Available capital
b) Technical and managerial expertise
c) Plant capacity
d) All of the above
Answer:
All of the above
In order to expand into new markets, Remington Arms is conducting an analysis of its available capital, technical and managerial expertise, and plant capacity. By evaluating these critical resources, the firm is positioning itself to successfully introduce new products and services to meet the demands of growing markets.
The available capital will determine the investment capacity of Remington Arms in new ventures, while the technical and managerial expertise will ensure the smooth operation and management of these ventures. Additionally, a thorough assessment of plant capacity will guarantee that the firm can meet the production demands of the new markets.
By focusing on these key factors, Remington Arms is strategically positioning itself for growth and success in new markets. The firm's commitment to evaluating and leveraging its critical resources demonstrates its dedication to innovation and market expansion.