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vekshin1
3 years ago
6

Hops Grillhouse & Brewery, formerly known as Hops Restaurant/Bar/Brewery, unveiled a multimillion dollar brand strategy feat

uring a new menu intended to "capture consumer preferences for high quality, freshness, and grilled tastes as well as an array of aromas, textures, and price points." Its product mix of handcrafted beer and superior food is unlike that offered by other similar restaurant chains. This description relates to the restaurant’s _____ strategy.
Business
1 answer:
ValentinkaMS [17]3 years ago
8 0

Answer: Positioning strategy

                                                 

Explanation:  In simple words it refers to a marketing strategy under which an organisation tries to spotlight specific areas of operations and qualities  in the eyes of customers that they have better in comparison to their competitors.

In the given case, The food brewery is offering its product in a different way than the other participants and is trying their best to highlight that quality.

  Thus, we can conclude that they are using positioning strategy.

You might be interested in
If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will
blagie [28]

Answer:

Excess reserves

Explanation:

Money supply in the economy is regulated by the central bank of Federal Reserve through various methods.

One of them is the use of reserve ratio.

Reserve ratio is the percentage of total deposit in a bank that commercial banks are required to keep aside and not use.

If there is no excess reserves and the Fed lowers required reserve ratio, it means banks will now have more money they can use to service customers.

The excess excess of the reserve can now the used to give out loans

3 0
3 years ago
Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work
saveliy_v [14]

Answer:

cost of goods manufactured= $161,800

Explanation:

Giving the following information:

Beginning Work in Process inventory= $41,000

Ending Work in Process inventory= $26,500

Direct materials= $58,800

Direct labor cost= $33,700.

The manufacturing overhead cost applied to Work in Process was $54,800.

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + <u>allocated manufacturing overhead</u> - Ending WIP

cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500

cost of goods manufactured= $161,800

3 0
3 years ago
Fitch Ratings a credit rating agency, recently downgraded Vermont's debt rating from AAA to AA, citing the state's economy and c
Natalija [7]

Answer:

a. Increase the direct costs of the state's debt.

Explanation:

When a bond's rating is downgraded is a signal to the investors that investing in the bond now is riskier than it was prior to the rating downgrade, hence, a perceived higher risk using the risk/return relationship means that the bond issue would have to offer a higher return to entice the investors to invest in the bonds.

As a result, the higher required rate of return translates into a higher direct cost of the state's debt since their interest rate offered has increased

5 0
3 years ago
The Company deposits $6,900 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,900 plus ear
astra-53 [7]

Answer:

$8750.87

Explanation:

This is compound interest problem. The formula used to solve this would be:

F=P(1+r)^t

Where

F is the future value (what we want, after 3 years)

P is the initial value (given 6900)

r is the rate of interest per period

here, 8% per year, so 8/4 = 2% per period (since compounded per quarter)

t is the time (3 years and compounding per year so times of compounding is 3*4 = 12), so t = 12

Substituting, we get our answer:

F=P(1+r)^t\\F=6900(1+0.02)^{12}\\F=6900(1.02)^{12}\\F=8750.87

<u>There will be about $8750.87 at the account at the end of 3 years!</u>

8 0
3 years ago
Roberta Whitman has recently been hired by Jackson Pharmaceuticals as the senior vice president of human resources. Jackson Phar
Nata [24]

Answer:

Employees frequently complain about the inconsistent assistance they receive from the HR department due to its large size.

Explanation:

Having a specialized, embedded HR unit is beneficial to each, specific unit, as  HR would cater to every department and its special needs. On the contrary, centralized HR tends to give inconsistent help, as they always assign a different person or team when a problem arises.

So, if the employees complained that they cannot receive adequate help from the centralized HR, it would be wise to do what Roberta suggested.

8 0
3 years ago
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