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What kind of business does Mercedes Benz have?
The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software.
Why is it important to bargain with Mercedes Benz?
Furthermore is the bargaining power of customers. The customers will bargain the price with us because they want to get a lower price of car. This will make the profit of Mercedes-Benz Company reduce.
How does the entry of new competitors affect Mercedes Benz?
The threat of the entry of new competitors is means that the entry of the new firms, this will effectively decrease the profitability. In the auto-mobile industry, other auto-mobile company is started changing their target to the same market with Mercedes-Benz Company. The changing of other company will affect the sales of Mercedes-Benz Company.
What kind of strategy does Mercedes Benz have?
The Mercedes-Benz strategy is made up of six pillars. At its heart is the transformation of the company to become the number 1 for electric mobility and all-encompassing digitalisation. At the same time, there is a clear focus on the structural improvement of profitability, with sustainability as a guiding principle.
Last Update: Oct 2021
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