Question

Explain how Warby Parker’s business model helps defend against external threats.

Answer 1

Warby Parker is a new eyewear company that entered the eyewear market by focusing its production on a narrowly defined target market. Warby Parker’s success as a company is mainly based on their low price products, and their ability to keep their overall operating cost at a minimal. Although Warby Parker dominates the market with its competitive advantage based on their products price, there are threats that can be detrimental to the company. If Warby Parker’s consumers decrease their online shopping habit, it will hurt the company because online shopping is their primary distribution channel. Warby Parker has a business model that can yield profits and make the brand known globally. If Warby Parker take advantage of the suggested opportunities, the company will possess the ability to become one of the most profitable brands inthe eyewear industry

if you think this helped do give a thumbs up else share your queries in the comment section.