Case study; Competitive strategy at FashionSia
FashionSia is one of the fashion companies operating in Saudi Arabia. It has been a leader in the fashion industry for more than 30 years. FashionSia manufactures and sells clothes and shoes for all types of customers. The company has pursued a low-cost strategy in order to sustain its success. It sells a limited number of clothes and shoes designs and has held costs low through manufacturing efficiency and standardized operations. However, the past years have been a struggle at FashionSia. The fashion market has seen a rise in the availability of low-cost imported clothes and shoes that has threatened FashionSia’s competitive position. As a result, company executives have decided it is time for a strategy shift.
FashionSia executives have done extensive market research and determined that many niche athletic clothes and shoes markets exist where athletes are willing to pay more for clothes and shoes designed to meet the unique needs of their sport. There are very few competitors in these niche athletic clothes and shoes markets, and most do not have FashionSia’s past experience in keeping control of manufacturing costs. FashionSia has determined that with talented clothes and shoes designers in place, they can manufacture athletic clothes and shoes to meet the needs of the niche markets using their current manufacturing facilities and employees.
By designing clothes and shoes that have features that differ from competitors and meet the specific needs of a new group of customers, FashionSia believes the company can create a competitive advantage. Further, while their products will not be as low cost as they were in the past, they will likely be able to sell their products for less than market competitors and still make a healthy profit. Therefore, FashionSia has decided to shift from its current low-cost strategy to a differentiation strategy and will begin production to make specialty athletic clothes and shoes. FashionSia must now make many tactical decisions in various functional areas of the company to support its decision to shift its overall business strategy.
Its first priority is to restructure the product development function. As it will need to understand the needs of the niche markets and design clothes and shoes to meet those needs, it will need to hire and retain talented clothes and shoes designers. The company will also need to hire operations specialists to transit its manufacturing operations to produce the new clothes and shoes designs. Beyond hiring new staff, FashionSia also must consider the implications for current employees to help them successfully transit to their new work requirements. Therefore, there are several considerations the company must address in the area of human resource management.
1. Following FashionSia’s shift in competitive strategy, what are some considerations for thecompany’s human resource management practices?
2. As a Human Resource practitioner, propose a holistic approach towards designing the compensation and benefits program at FashionSia.
Assignment guidelines;
Your answer sheet should follow the below structure:
· Title page
o Provide all the details for your assignment such as, name of the student, student Id, name of the course and course code and assignment number
· Answer
o All the answers should be typed in a Word file using the font type of Times New Roman with font size 12. Headings should be bold with the font size 14. The line spacing should be 1.5. It should be left aligned.
o The writing should be in paragraph format.
o You need to do external research to support your arguments for each answer. So, please refer to text book, reference materials and online sources to complete your answers.
o All the assignments will go through URKUND plagiarism check which is a text matching software. So, there should be no copy and paste from other sources or students should not share their writings. If found, the submission will receive ZERO mark.
· Reference list
o List all the sources used to form your arguments. In-text citation should be also done within the report.
Assignment requirements;
· This assignment has 10 marks.
· The assignment should be submitted in LMS using the submission link by Saturday, 1 October, 11:59pm.
· There will be 10% mark deduction for each day late submission and after five days late, the submission will not be accepted for marking.
· It is an individual assignment.
· The word count is 500 (excluding title page and reference list). So, you need to write around 250 words for each question’s answer.
· The writing should be free from any editing, spelling and grammatical errors.
· Citation and referencing are required. For any arguments taken from other sources, student needs to acknowledge, cite and present the source in the reference list.
Answers
Title page: Fashion Sia: Considerations for Human Resource Management Practices and Designing the Compensation and Benefits Program
1. Following FashionSia's shift in competitive strategy, some considerations for the company's human resource management practices include:
- Recruitment and Hiring: FashionSia needs to attract and hire talented clothes and shoes designers who have experience and expertise in designing athletic clothes and shoes for niche markets.
focus on identifying candidates with the required skills and knowledge.
- Training and Development: The company should provide training programs to enhance the skills of current employees and prepare them for the transition to producing specialty athletic clothes and shoes. This may involve providing training on new manufacturing processes, technologies, and design concepts.
- Employee Engagement: To ensure a smooth transition and support employee morale, FashionSia should engage with employees, communicate the reasons for the strategy shift, and involve them in the decision-making process. This can be done through regular communication, feedback channels, and creating a positive work environment.
- Performance Management: The company needs to align performance management systems with the new strategy. Key performance indicators should be developed to measure the effectiveness of the transition and individual employee contributions to the new product lines.
2. A holistic approach towards designing the compensation and benefits program at FashionSia can include the following considerations:
- Market Analysis: Conduct a thorough market analysis to determine industry standards and competitor practices regarding compensation and benefits for similar positions. This will help ensure that FashionSia's offerings are competitive and attractive to potential employees.
- Job Evaluation: Evaluate the roles and responsibilities of clothes and shoes designers and operations specialists to establish appropriate job levels and salary ranges. Consider factors such as required skills, experience, and market demand for these positions.
- Variable Pay: Introduce variable pay components such as performance bonuses or profit-sharing plans to incentivize employees and align their efforts with the company's financial performance and strategic goals.
- Employee Benefits: Design a comprehensive benefits package that includes healthcare, retirement plans, paid time off, and other perks. Consider the specific needs and preferences of employees in the fashion industry, such as flexible work arrangements or discounts on fashion products.
- Total Rewards Communication: Develop effective communication strategies to ensure employees understand the value of their compensation and benefits package. Regularly communicate updates, changes, and the overall philosophy behind the program to foster employee satisfaction and engagement.
References:
Provide a list of the sources used for research and in-text citations within the report following the appropriate referencing style (e.g., APA, MLA, Harvard).
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Related Questions
Michelle can work at job A earning $50,000 a year, job B earning $83,000 a year, or job C earning $85,000 a year. If Michelle chooses job C, then her economic rent from working at that job rather than job A is
Answers
if michelle chooses job c then her economic rent from working at that job rather than job a is 2,000 dollars
Which is a benefit of collaboration and teamwork?
A.It expands your social network and creates new connections.
B.It makes it more difficult to leave your current job.
C.It makes it easier to do your job since you can have other people do it.
D.It requires more work since you have to explain so much to other people.
Answers
Answer:
The Awnser Is A
Explanation:
It's the Best Awnser
Which Type of account is used to store money for longer periods of time and is more likely pay interest to the account holder?
O Checking Account
O Savings Account
Answers
Answer:
Saving account
Explanation:
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
PLEASE MARK ME AS BRAINLIESTA = P + I where
P (principal) = $ 10,000.00
I (interest) = $ 3,366.37
Answers
Answer:
A = $ 13,366.37
Explanation:
First, convert R percent to r a decimal
r = R/100
r = 3.875%/100
r = 0.03875 per year,
Then, solve an equation for A like this:
A = P(1 + r/n)nt
A = 10,000.00(1 + 0.003229167/12)(12)(7.5)
A = $ 13,366.37
Summary:
P + I = $ 13,366.37
How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Answers
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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The lack of competition is part of the free enterprise system.
O True
O False
Answers
Answer:
I think its true
Explanation:
Use this chart to answer the following questions.
QUARTER
DIVIDEND DIVIDEND FOR 55 SHARES
1 $.50/share 27.50
2 $.35/share 19.25
3 $.62/share
4 $.50/share 27.50
Total Dividends for 1 Year
What was the dividend paid for 55 shares of the stock during the third quarter?
Answers
The dividend paid for 55 shares of the stock during the third quarter is: $108.35.
What is dividend?Dividend can be defined as the amount that companies pays to their shareholder as profit.
Now let find the dividend:
Dividend= $27.50 + $19.25 + (55 ×$.62/share) + $27.50
Dividend= $27.50 + $19.25 + $34.10 + $27.50
Dividend= $108.35
Therefore the dividend is the amount of $108.35.
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Capital Budgeting Problems. What are some of the difficulties that might come up in actual applications of the various criteria we discussed in this course. Which one would be the easiest to implement in actual applications? The most difficult?
Answers
Capital budgets involves making long-term investment decisions that involve substantial amounts of money.
There are several difficulties that might come up in actual applications of the various criteria for capital budgeting. Here are some of the challenges:
Estimating cash flows: The accuracy of the investment appraisal process depends on the accuracy of cash flow estimates. It is difficult to predict future cash flows accurately because of various uncertainties such as changes in market conditions, technological advancements, and regulatory changes.
Choosing the appropriate discount rate: The discount rate used to calculate the present value of future cash flows is critical in the investment appraisal process. Choosing the appropriate discount rate can be challenging because it depends on several factors such as the cost of capital, risk profile of the investment, and the time horizon of the investment.
Incorporating risk: The investment appraisal process assumes that future cash flows are certain. However, there is always a degree of uncertainty associated with future cash flows. Incorporating risk into the investment appraisal process can be challenging because it requires subjective judgment.
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Miracle Pill. Katie advertised that she had developed a pill for women that would result in weight loss, wrinkle loss, and improved vitality; and for men would result in all those things, plus hair growth. Her television advertisement showed miracle results allegedly obtained by consumers. Katie cautioned, however, that ingestion of the pill for six months was required before results would be evident. The pill was wildly popular. The Federal Trade Commission, however, investigated and determined that Katie had failed to have a reasonable basis for the claims she made in advertisements. Katie claimed that she was merely involved in the use of generalities and clear exaggerations. The Federal Trade Commission disagreed and issued a formal administrative complaint against her. After a hearing, the Federal Trade Commission issued an order requiring that Katie stop advertising and selling the pills. After losing all appeals, Katie continued selling the pills until she was fined by the Federal Trade Commission. She has since left the country and cannot be located. Who would have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission?a) A state circuit court judgeb) A federal district court judgec) An administrative law judged) A panel of commissioners of the Federal Trade Commissione) The full commission of the Federal Trade Commission
Answers
An administrative law judged would have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission.
What is Administrative law?Administrative law serves as the branch of our law that support the administrative agencies, with power so they can imposes certain requirements on them to be able to gives solutions to when there is wrongful administrative acts.
Federal Trade Commission can be considered as an agency here and that was why it can make an order requiring that Katie stop advertising and selling the pills.
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A firm has an issue of preferred stock outstanding that pays a $5 dividend every year, in perpetuity. if this issue currently sells for $84.12 per share, what is the required return?
Answers
The required return is $5.94%
How do we find the Required return?The per-share value is thus given by
\(P_{0}\) =\(\frac{D}{R}\)
where R is the required return
Given that,
preferred stock = $5
currently sells = $84.12 per share
To find the required return,
R= \(\frac{D}{p_{0} } }\)
R=$5 / $84.12
R= .0594 = 5.94%
We can determine a value for the stock under a few very helpful special circumstances. What we need to do is make some generalizations about the dividend growth rate, or the pattern of future dividends.
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This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit
Answers
Answer:
d. work permit
Explanation:
The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).
Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.
Answer:
D. Work permit
Explanation:
Did the quiz
In order to calculate free cash flow by starting with incremental cash flow from operations, we should (Points : 1)subtract the incremental capital expenditures and add the incremental additions to working capital.add the incremental capital expenditures and the incremental additions to working capital.subtract the incremental capital expenditures and the incremental additions to working capital.None of the above.
Answers
To calculate free cash flow by starting with incremental cash flow from operations, we should subtract the incremental capital expenditures and add the incremental additions to working capital.
Free cash flow is the cash a company generates after accounting for all expenses, including capital expenditures and changes in working capital.
Incremental cash flow from operations is the cash generated by a company's core operations that is not tied to investments or financing activities.
To calculate free cash flow, we need to subtract the incremental capital expenditures, which are the investments in fixed assets made by the company during the period, and add the incremental additions to working capital, which are the changes in current assets and liabilities during the period.
This is because the investments in fixed assets reduce the available cash, while changes in working capital can either increase or decrease the available cash.
Therefore, to calculate free cash flow by starting with incremental cash flow from operations, we should subtract the incremental capital expenditures and add the incremental additions to working capital.
This will give us a better understanding of the company's true cash flow position and its ability to generate cash from its core operations.
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E-commerce ________ is the ability of an organization to create a strong presence among consumers in many places, with minimal time constraints, to sell them products and services.
Answers
E-commerce ubiquity is the ability of an organization to create a strong presence among consumers.
What is E-commerce?E-commerce can be regarded as the process involving crating a good presence so as to sell products to the consumer.
Therefore, it involves ability to sell in different locations.
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Use the Internet to find an article that deals with the financial records of a business. Once you have found and read your article, record your summary and the link location using the following format in the box below. Be sure to include the URL links you used as resources in the space below. Submit your work below.
Paragraph #1 - Summary of article and link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of how the business will do in the next few months based on its financial records.
Answers
After using the Internet to search an article that deals with the financial records of a business is mentioned below:
Business Financial Record:The economic facts of a enterprise is a illustration of wherein the cash the enterprise earns comes from and wherein the cash is being directed in addition to the modern-day popularity of the cash earned, (source, U.S. Securities and Exchange Commission website) Financial facts includes; General accounting books, Banking facts, debtor's facts, creditor's facts, charges facts, tax facts, provide details, agreement facts, listing of assets, worker payments, cashbook facts, and inventory facts (Source Australian Charities and Not-for earnings fee website).
How it pertains to entrepreneurship?An entrepreneur, venturing right into a enterprise, wherein capital investments are and sources are put, sales is collected, shares are sold, and elements of manufacturing including device are purchased, can great keep the economic fitness of the via way of means of maintaining an correct and updated economic record, such that the coins flows are correctly control to achieve the proper fees and hobby fees from providers and creditors respectively .(Gateway to Commercial Finance website)
Your opinion of ways the enterprise will do withinside the following couple of months primarily based totally on its economic facts
A enterprise that always makes earnings and incurs a hard and fast charges is anticipated to grow, whilst a enterprise that has restrained sales is anticipated to embark on novel approaches.
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Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answers
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
Efficiency requires that, in equilibrium;A for any two goods, the marginal rate of substitution equals the marginal rate of transformation.
B. for every person, the marginal rate of substitution between two goods equals his or her marginal ability to transform one into the other.
C. everyone chooses to work harder.
D. markets are competitive
Answers
Efficiency requires that, in equilibrium, the marginal rate of substitution (MRS) equals the marginal rate of transformation (MRT).
This means that the correct answer is (A) for any two goods, the marginal rate of substitution equals the marginal rate of transformation. The concept of efficiency in economics refers to the optimal allocation of resources where no one can be made better off without making someone else worse off. In the context of production and consumption of goods, efficiency is achieved when the MRS between two goods, representing the willingness of an individual to trade one good for another, equals the MRT, representing the rate at which society can transform one good into another. When the MRS is not equal to the MRT, there is room for further gains in efficiency by reallocating resources. If the MRS is higher than the MRT, it implies that society can produce more of one good without sacrificing much of the other, leading to a potential improvement in overall well-being. Similarly, if the MRS is lower than the MRT, resources can be reallocated to produce more of the good that society values relatively more.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answers
Answer:
industry because here based the all the business in whole world
the date on which stock options are awarded to an employee is called the vesting date.
Answers
The vesting date refers to the date on which an employee becomes eligible to exercise or access certain benefits associated with stock options or other equity-based compensation. It is not specifically the date on which stock options are awarded.
Stock options typically have a vesting period, which is a predetermined period of time during which an employee must remain with the company before they can exercise their options or gain ownership of the underlying stock. Once the vesting period is complete, the employee is said to be "vested" and can exercise their options according to the terms and conditions outlined in their stock option agreement. The award date, on the other hand, is the date when the stock options are granted or given to the employee, usually through a formal stock option agreement or plan. This date marks the beginning of the vesting period. It's worth noting that the specific terminology and practices related to stock options can vary between companies and jurisdictions. It's always important to refer to the specific terms and agreements provided by the employer or consult with a financial advisor or legal professional for accurate information regarding stock options and their vesting.
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Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Answers
ABC Co. produces widgets. It is a non-growth company in the 35% tax bracket. Sales
are estimated to be $3,500,000 per year and costs represent 65% of sales. The firm’s
pre-tax cost of debt is 8 percent and its annual interest expense is $200,000. Company
analysts estimate that the firm’s unlevered cost of equity is 12%.
– What is the Value of ABC Co.?
– What is ABC Co.’s cost of equity
– What is ABC Co.’s WACC?
Answers
The value of ABC Co. is approximately $2,138,342.53, the cost of equity is 12%, and the WACC is 9.35%.
The value of ABC Co. can be calculated using the discounted cash flow (DCF) approach. First, we need to determine the free cash flow to the firm (FCFF) by subtracting the annual interest expense ($200,000) from the earnings before interest and taxes (EBIT).
Assuming a tax rate of 35%, we can calculate the EBIT as $200,000 / (1 - 0.35) = $307,692.
Next, we calculate the FCFF as EBIT - Tax + Depreciation - Capital Expenditure + Change in Working Capital.
Since ABC Co. is a non-growth company, we assume that the capital expenditure and change in working capital are zero.
The FCFF is then $307,692 - ($307,692 x 0.35) = $199,999.
To determine the value of ABC Co., we discount the FCFF using the weighted average cost of capital (WACC).
The WACC is calculated as the weighted average of the cost of debt and cost of equity.
The cost of equity can be found using the formula: Cost of Equity = Risk-Free Rate + Beta x Equity Risk Premium.
Since the unlevered cost of equity is given as 12%, we can assume the beta is 1 (average risk).
The WACC is then calculated as (Cost of Debt x Debt Weight) + (Cost of Equity x Equity Weight).
Assuming the debt weight is 65% and equity weight is 35%, we can calculate the WACC as (0.08 x 0.65) + (0.12 x 0.35) = 0.0935 or 9.35%.
Finally, we can calculate the value of ABC Co. using the formula: Value = FCFF / WACC.
Substituting the values, we get $199,999 / 0.0935 = $2,138,342.53.
In summary, the value of ABC Co. is approximately $2,138,342.53, the cost of equity is 12%, and the WACC is 9.35%.
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Please write a 4-6 sentence reflection on what you learned about college apps and paying for school today
Answers
Answer:
Im still standin
Explanation:
"Jan is most efficient at making braided bracelets, Martin is most efficient at making clay pots, and Marcus is most efficient at making beaded necklaces. Martin likes all three items. Which good should Martin specialize in making
Answers
Answer: clay pots
Explanation:
From the question, we are informed that Jan is most efficient at making braided bracelets, Martin is most efficient at making clay pots, and Marcus is most efficient at making beaded necklaces and that Martin likes all three items.
The good that Martin should specialize in making is cost pots. This is because he is most efficient at producing that.
c) what is the optimal order quantity and total annual cost of ordering, purchasing, and holding the component?
Answers
The optimal order quantity and the total annual cost of ordering, purchasing, and holding the component can be determined using the Economic Order Quantity (EOQ) formula.
The EOQ formula is used to calculate the optimal order quantity that minimizes the total cost of ordering, purchasing, and holding inventory.
To determine the optimal order quantity and the total annual cost of ordering, purchasing, and holding the component, follow these steps:
Step 1: Calculate the Economic Order Quantity (EOQ)
EOQ = √(2DS / H)
Where:
D = annual demand for the component
S = cost per order
H = holding cost per unit per year
Step 2: Calculate the Total Annual Cost
Total Annual Cost = (EOQ x H) / 2 + (D x S) / EOQ + (D x P)
Where:
P = purchase cost per unit
Note that you will need the values for annual demand (D), cost per order (S), holding cost per unit per year (H), and purchase cost per unit (P) to perform these calculations. Once you have the required values, plug them into the formulas to determine the optimal order quantity (EOQ) and the total annual cost associated with ordering, purchasing, and holding the component.
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Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process
Answers
The public source of information is used in the purchase decision process by Sophia.
What is a public source of information?A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.
The public source of information are access through:
internet search means.information service subscription.materials created and sent to members of the public.In conclusion, the public source of information is used in the purchase decision process by Sophia.
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People are living paycheck to paycheck why is that a problem
Answers
The CRA may assess a penalty of up to 10% of the required remittance amount the first time a remittance is late.
True
False
Answers
The statement The CRA may assess a penalty of up to 10% of the required remittance amount the first time a remittance is late is False.
The Canada Revenue Agency (CRA) may assess a penalty of up to 10% of the required remittance amount if a remittance is late more than once in a calendar year. The penalty for the first late remittance is 3% of the required remittance amount.
The following are the late remittance penalties that the CRA may assess:
3% if the amount is one to three days late.
5% if the amount is four to five days late.
7% if the amount is six to seven days late.
10% if the amount is more than seven days late, or if no amount is remitted.
If you are late with a remittance, you should contact the CRA as soon as possible to discuss your options. You may be able to avoid the penalty if you can show that the late remittance was due to extenuating circumstances.
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Look at the examples below, and select the change in matter that is an example of a physical change.
ice melting
leaves changing color
starting a fire
Answers
Answer:
Ice melting doesn't change its chemical property so it's a physical change
Answer:
ice melting is an example of physical change in which there is a change in matter where ice (solid) melts to liquid ...
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Do United States government sometimes has to interfere with economy. Why would the government initiate an antitrust suit against a company
Answers
Answer: When there is a monopoly or fraud
Explanation:
An antitrust suit is described as when an individual or an organization files a lawsuit against an organization based on the kind of business practices it carries out. When the government recognises a business bringing up unfavorable means that could lead to monopoly the government could regulate the monopoly by carrying out a price capping, to ensure prices are not exaggerated for consumers more than they can afford. The government could further initiate an antitrust suit against the company for their actions.
Answer:
to ensure companies do not monopolize any particular realm of business
Explanation:
that's the correct answer ;)
B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
Answers
Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as?
Answers
Statements made by an applicant for an insurance policy that are true to the best of the applicant's knowledge are referred to as “representation.”
Representation of a statement made in an application for insurance that the prospective insured represents has been correct to the best of his or her knowledge. If the insurance relies on representation entering the insurance contract and if it proves to be false at the time it was made. The insurer may have the legal option to void the contract.
A representation insurance policy is a form of coverage to guarantee the contractual representation made by sellers associated with corporate marge and acquisitions. A guarantee of the performance of a product. Product warranties are included within the definition of the named insurance product in general liability policies if untrue will avoid the policy.
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