PetMeds Quiz

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

• TRUE

• FALSE

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

What alternative channels or methods do pet owners have for purchasing medications and supplies for their pets?

• Veterinarians

• Kroger Retail

• Watsons

• Elanco

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

Does the standardised products produced by the manufacturers cause the bargaining power of the supplier to be low?

• TRUE

• FALSE

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

Which company does Walmart collaborate with?

• VetRxDirect

• DoorDash

• Nationwide Pet Rx

All of the following are Elanco's strategies to compete in the pet care industry, except

• Innovations and Research & Development

• Sustainability and Corporate Social Responsibility (CSR)

• Simplification and Efficiency

• Global Diversity, Equity & Inclusion

How does the lack of a clear vision and mission statement impact employee performance and overall company direction?

• Failing to meet customer demand

• Inventory part is decreasing

• Lack of direction for all employees to understand the firm’s purposes

How does the strong dealer community help the firm in promoting its products and expanding its market reach?

• Highly skilled workforces

• Promote the company’s product

• Ensures product quality and supply stability