The Increasing trend of pet ownership particularly among the millenials, present an external oppurtunity for PetMeds to tap into a larger customer base.
PetMeds Quiz

Quiz
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Other
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University
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Hard
U2103935 STUDENT
Used 8+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following external threats poses a risk to PetMeds Express’s market position and profitability
Increasing pet ownership among millennials
Compliance with the FDA regulations for animal Health drive
Strategic partnership and acquisiton in pet industry
Consumer preferences shifting towards holistic remedies
3.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
What alternative channels or methods do pet owners have for purchasing medications and supplies for their pets?
Veterinarians
Kroger Retail
Watsons
Elanco
4.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Which factor contributes significantly to the intensity of competition faced by PetMeds Express in the pet pharmacy industry?
Personalised services by local veterinarians
Limited customer base in rural areas
Presence of numerous online competitors
Exclusivity agreements with major pharmaceutical companies
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Does the standardised products produced by the manufacturers cause the bargaining power of the supplier to be low?
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
If the bargaining power of consumer is high, what is the consequence that PetMeds express will face?
Reduce the amount of profits generated
Obtain low price stocks from supplier
Receive good reputation from customer
All of above
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which company does Walmart collaborate with?
VetRxDirect
DoorDash
Nationwide Pet Rx
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