Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct?

A

Johnson’s central assumption is that introducing a new strategy will help acquire additional amounts of customers’ cash as the decrease in prices will attract millennials. As for rivals, they will have to introduce the same procedures and promotion activities to preserve their advantage and compete with the company. Collaborators should also appraise a new approach as a way to generate extra benefits. As for the context, the given change can be correlated with the company’s past as it was focused on the provision of comparatively cheap products to consumers. In such a way, the company would benefit from the new approach. However, the relevance of these assumptions can be doubted because of the inability of old customers to understand the decrease in promotions and special offers.

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Academic.Tips. (2021) 'Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct'. 5 August.

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Academic.Tips. (2021, August 5). Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct? Retrieved from https://academic.tips/question/identify-the-key-assumptions-about-j-c-pennys-5-cs-customers-competitors-collaborators-context-and-company-that-the-ceo-johnson-and-his-team-are-relying-on-that-has-led-them-to-believe/

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Academic.Tips. 2021. "Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct?" August 5, 2021. https://academic.tips/question/identify-the-key-assumptions-about-j-c-pennys-5-cs-customers-competitors-collaborators-context-and-company-that-the-ceo-johnson-and-his-team-are-relying-on-that-has-led-them-to-believe/.

1. Academic.Tips. "Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct?" August 5, 2021. https://academic.tips/question/identify-the-key-assumptions-about-j-c-pennys-5-cs-customers-competitors-collaborators-context-and-company-that-the-ceo-johnson-and-his-team-are-relying-on-that-has-led-them-to-believe/.


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Academic.Tips. "Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct?" August 5, 2021. https://academic.tips/question/identify-the-key-assumptions-about-j-c-pennys-5-cs-customers-competitors-collaborators-context-and-company-that-the-ceo-johnson-and-his-team-are-relying-on-that-has-led-them-to-believe/.

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"Identify the key assumptions about J.C. Penny’s 5 Cs (customers, competitors, collaborators, context and company) that the CEO Johnson and his team are relying on that has led them to believe that the “Fair and Square” pricing can be a successful approach for J.C. Penny. How confident are you that these assumptions are correct?" Academic.Tips, 5 Aug. 2021, academic.tips/question/identify-the-key-assumptions-about-j-c-pennys-5-cs-customers-competitors-collaborators-context-and-company-that-the-ceo-johnson-and-his-team-are-relying-on-that-has-led-them-to-believe/.

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