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Explain possible management strategies in Fizzy Simulation Game. The homework can be between 2-3 pages.

This homework will replace your missing or least graded homework.

Detail: Define 3 different strategy for Fizzy. Give your strategies a name, summarize, explain advantage and disadvantages of the strategy. An example is as follows:

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Low Cost - Low Price Strategy: In this strategy, our priority will be to minimize unit cost and try to set the price below the market average. In order to minimize unit cost we will focus on:

i) .......

ii) .....

iii) ......

This strategy is easy to implement but includes some risks, especially when more than one company follows this strategy in the market. In that case, the price wars can turn into a fight of no winner!