Question: apters 1 - 4 ) Help Save & Exit Submit John Cleaver is the CEO of Tech World, a retail store that sells computers, monitors,
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John Cleaver is the CEO of Tech World, a retail store that sells computers, monitors, cameras, televisions, and many other electronic products. John and his executive team are meeting to brainstorm new ideas on how to grow the business. One idea is to mimic a competitor product that is attempting to sell a new product in a different industry. After performing a Porter's Five Forces Model analysis, John determines that all of the forces are high in this new industry. What should John do
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explode into the market with an overflow of the product
contemplate other products to introduce at the same time in this new market
compare the competitor's prices and offer his product at a lower price in this new market
not introduce the product because all five forces are strong and this would be a highly risky business strategy
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