Part 1CCM Has Released Equipment Tailored to WomenOne of the fastest growing sports in North America is women's ice hockey. For years, women have worn ill-fitting men's gear. Now CCM has addressed the problem with a new line of women's pants and shoulder pads.Source: bardown.com, May 22, 2020How is CCM attempting to maintain economic profit?Part 2CCM is attempting to maintain economic profit by _______, which will _______. A. moving to the long-run equilibrium; move production to the efficient scale B. differentiating between men's and women's ice hockey gear; increase the demand for their clubs Your answer is correct.C. moving to the long-run equilibrium; eliminate markup on all hockey gear D. differentiating between men's and women's ice hockey gear; increase the supply of their ice hockey gear

Question

Part 1CCM Has Released Equipment Tailored to WomenOne of the fastest growing sports in North America is​ women's ice hockey. For​ years, women have worn​ ill-fitting men's gear. Now CCM has addressed the problem with a new line of​ women's pants and shoulder pads.​Source: bardown.com, May​ 22, 2020How is CCM attempting to maintain economic​ profit?Part 2CCM is attempting to maintain economic profit by​ _______, which will​ _______. A. moving to the​ long-run equilibrium; move production to the efficient scale B. differentiating between​ men's and​ women's ice hockey​ gear; increase the demand for their clubs Your answer is correct.C. moving to the​ long-run equilibrium; eliminate markup on all hockey gear D. differentiating between​ men's and​ women's ice hockey​ gear; increase the supply of their ice hockey gear

BlackTom AI · Accepted Answer

The question asks how CCM is attempting to maintain economic profit, and presents four options. 
Option A suggests moving to the long-run equilibrium and moving production to the efficient scale. While achieving long-run equilibrium and efficient scale can be desirable for cost and profit, this option does not address the specific strategic action described in the prompt about addressing women's gear and market differentiation. It also uses a generalized production-scaling idea that isn’t tied to the gender-differentiated product line mentioned. 
Option B proposes differentiating between men's and women's ice hockey gear and increasing the demand for their clubs. Differentiation by gender-specific gear is a classic product differentiation strategy: it targets a previously underserved market segment (women players) with better-fitting equipment, which can attract more customers and potentially boost overall demand for the brand’s hockey products and related clubs or memberships. This aligns with profitability through expanded demand and niche segmentation. 
Option C claims moving to the long-run equilibrium and eliminating markup on all hockey gear. Eliminating markup on all gear is unlikely to be a sustainable profit strategy, as it would compress margins and remove a primary source of profit without guaranteeing increased sales or market share. It also ignores the particular market need highlighted (women’s gear) and seems economically impractical for a diversified product line. 
Option D states differentiating between men's and women's gear and increasing the supply of their gear. While differentiation is plausible and matches the scenario, increasing supply alone does not necessarily translate into higher profit unless accompanied by increased demand or improved pricing power. If demand does not rise proportionally, higher supply could lead to excess inventory or lower prices, undermining profit. 
In summary, the differentiation approach in Option B directly targets a gap (women’s gear) and implies strategies to grow demand for CCM’s related products or clubs, making it the most coherent match to the described move. The other options either rely on broad production strategies not tied to the given scenario (A and C) or combine differentiation with a supply-side change that may not guarantee profit growth without corresponding demand (D).

Assignment Viewer

查看解析

登录即可查看完整答案

类似问题

Consider a bargaining situation with two suppliers (S1, S2) and two buyers (B1, B2). B1 and B2 have the following WTP structure: $1 for the product produced by S1 and $1.5 for the product made by S2. This is a case of

What does the word 'differentiated' mean in relation to products?

Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to

In monopolistic competition, the products of different sellers are assumed to be

Product differentiation refers to the?

Product differentiation refers to

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单