How the Military Heavily Influenced Luxury Watches

The video discusses the competitive advantage of a watch company, emphasizing passion, consistency, and teamwork. It explores the influence of military design on watches, particularly the transition from pocket watches to wristwatches during WW1. The video highlights the company's appeal to female customers with iconic models and feminine adaptations. It also covers the demand and pricing strategy in the luxury watch market, stressing the importance of maintaining demand above supply.

What is highlighted as a key competitive advantage for the company?

• Innovative marketing strategies

• Passion and consistency

• Low production costs

• Exclusive partnerships

How did the military influence the development of wristwatches?

• By introducing digital displays

• By demanding more durable materials

• By requiring pocket watches to be worn on the wrist

• By creating waterproof designs

What percentage of the company's customers are women?

• 20%

• 40%

• 10%

• 30%

What is the company's strategy in the luxury market regarding demand and supply?

• Ensure supply exceeds demand

• Maintain demand equal to supply

• Ensure demand exceeds supply

• Focus on mass production

What is the price range for the company's core business?

• $2000 to $6000

• $10000 to $15000

• $500 to $2000

• $6000 to $10000