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Mariana [72]
3 years ago
14

Beach Grub is a chain of "fast casual" restaurants that sells its menu items at higher prices than its competitors. Yet, the res

taurant has a large customer base due to its wide product portfolio and superior customer service. Which of the following generic business strategies has Beach Grub adopted in this scenario?
Business
1 answer:
Lerok [7]3 years ago
7 0

Answer:

Differentiation strategy

Explanation:

Differentiation strategies seek to create higher value for their customers by producing goods and services that offer unique features that differentiate them form their competitors. This is done while trying to keep the same or similar (maybe a bit more expensive) price levels as the competition .

In this case Beach Grub offers a differentiated service while keeping their prices higher than the competition but not as high as luxurious restaurants.

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Benchmarking involves:
creativ13 [48]

Answer:

1. comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs and effectiveness of these activities.

Explanation:

Benchmarking -

It is the method of comparing the business performance and the process like the cost , time and quality .

Benchmarking is also known as process benchmarking , or , best practice benchmarking .

It is the comparison among various companies , that how the company performs various value chain activities .

Hence , from the question , the correct statement for the given term is ( 1. ) .

5 0
3 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

$100,000 = $8695.65 + $7561.44 + $6575.16 + $5717.53 + Resale value ÷ 1.749006

Resale value ÷1.749006 = $71,450.22

So, the resale value is  = $124,966.9

We simply applied the present value formula

3 0
3 years ago
To help understand why attendance at the team's games was so poor, the atlanta falcons used marketing research to gather factual
Verdich [7]
...in it's descriptive role.
8 0
3 years ago
To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to contribute to the f
Fiesta28 [93]

Answer:

Contribute to the firm's strategic position as either low-cost leader or differentiator.

Explanation:

To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to contribute to the firm's strategic position as either low-cost leader or differentiator. In order to achieve a sustainable competitive advantage, a firm must either perform its activities in a different way or it should perform totally different activities as compared to their competitors. This is the basic essence and logic behind getting a sustainable competitive advantage. In order to do it, a firm must perform each activity which should contribute to the firm's position in making it either a cost effective producer of the products or making entirely different products. In this way, by either becoming cost-effective leader or differentiator in the market, a firm must gain very strong strategic position in gaining sustainable competitive advantage which will be very hard for the competitors to compete with.

8 0
3 years ago
Ms. long is a first grade teacher and uses cooperative learning in her classroom. in creating groups of students she will equall
NeTakaya
It is clear that Ms. Long is using the principle of scaffolding in her classroom.
This is a term in psychology coined by a famous psychologist Vygotsky. He believed that if we provide enough support for the children, while also giving them their independence, the children will soon succeed on their own, complete a task without our help. So here, Ms. Long knows that each of these students can help each other complete the task and thus improve their knowledge.
3 0
3 years ago
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