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To answer the next three questions, refer to the following example. In 2003, Porsche unveiled its new sports utility vehicle (SUV), the Cayenne.
To answer the next three questions, refer to the following example. In 2003, Porsche unveiled its new sports utility vehicle (SUV), the Cayenne. With a price tag of over $40,000, the Cayenne goes from zero to 62 mph in 9.7 seconds. Porsche’s decision to enter the SUV market was in response to the run- away success of other high-priced SUVs such as the Mercedes-Benz M-class. Vehicles in this class had generated years of very high profits. The Cayenne certainly spiced up the market, and Porsche subsequently introduced the Cayenne Turbo S, which goes from zero to 62 mph in 5.6 seconds and has a top speed of 165 mph. The price tag for the Cayenne Turbo S in 2008? Over $100,000!Some analysts questioned Porsche’s entry into the luxury SUV market. The analysts were con- cerned not only that Porsche was a late entry into the market, but also that the introduction of the Cayenne would damage Porsche’s reputation as a maker of high-performance automobiles.(Ross. Custom book for Ashford: BUS 650 Corporate Finance: Core Principles and Applications. McGraw-Hill Primis Custom Publishing, 38503. 297). <vbk:0390107247#page(297)>
