Answer:
The answer is: D) The shop makes a substantial profit from pastries and other food bought by the coffee drinkers.
Explanation:
Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.
Do you have anything that’s unique? Have you operated in
Customer Service before? That means you have x years of Customer Service
experience. That is the experience that they would look at to hire you over another
person who can’t put anything in there. Have you operated in food service
before? Then you have x years of experience in that, too.
Answer:
C. foreign producers sell a product at a price below the cost of production.
Explanation:
Dumping is associated with international trade. It happens when a country or a company exports huge volumes of a product at a price lower then it sells in the domestic market. In other word, consumers in foreign markets can purchase the item at a lower price than consumers in the domestic market.
Companies wishing to penetrate international markets use the dumping technique. They flood the foreign market with unfairly priced products to gain a considerable market share. Dumping is legal in international trade. Countries impose tariffs, quotas, and embargo's to restrict imports and protect local manufacturers from dumping.
Explanation:
Product differentiation is the means used by a firm in a monopolistic competitive market with many firms selling similar products to differentiate its product from that of other firms