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Study
This study is all about the errors of the competitive variables. It includes the sample problem that a company might encounter and the corresponding solution. It also have its cause and effect to be more effective.
Study design
Methodology
Collecting data Research
Price
Problems
Over pricing Cause Raw materials Brand name Economic status Labor Cost expenditure Effect People will not buy the product Not suitable for the quality of the product Cause Brand name Effect High price
Solutions
Low cost of raw materials
With the low cost of materials, then the product that can produce will also be low.
Alternative materials
Using alternative materials can replace other high cost raw materials then the price can be afforded.
Quality
Problems
False Advertising
Cause
Encourage the people to buy the product.
Effect
Broken trust of people
Fake
Cause
Low price
Effect
People will not entertain any product from the company
Solution
Honesty is the best policy True advertisement True quality product
Time
Problems
Delayed product Cause Natural phenomena Traffic Transportation Driver
Solutions
Time management
Early delivery
Flexibility
Problems
Machinery Cause Damage of machinery Effect Delayed production Man power Cause Illness Day off Lack of workers Leave Effect Delayed production
Solutions
Daily maintenance Replacement workers Early notification
Stock Availability
Problems
Lack of supply
Cause
Time Flexibility
Effect
Effect
Hoarding
Cause Effect
Small stock
Solutions
Production management Government inspection
Conclusion
The study finds that if the competitive variables encounter errors then all the other variables will be affected. Its like price plus quality multiply by flexibility plus stock availability all over time is equal to succession. The competition is very important in a company because the companys popularity and successfulness is depend\ on competing to other company. A person buys a product base on popularity and quality. So the company aims to deliver good product.