Jersey's Smoothie Bar set pricing structure
as a quantifiable means target return on investment pricing.
<h3>What is pricing method?</h3>
A pricing method is used to calculate the price to be set as regards a product so as to have a return with desired profit .
Therefore, Jersey's Smoothie Bar utized this pricing strategy to meet their target.
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Answer: Franchise
Explanation: Franchise is a type of business by which the owner of a commodity attains supply through affiliated sellers.
In this case, a company authorizes its practical knowledge, techniques, mental power possession, use of its company prototype, trademark and rights to sell its branded commodities and services to another company or individual, typically called a franchisee.
Also, the franchisee pays certain payments while concurring to comply with certain responsibilities usually set out in a franchise treaty.
Answer: Insufficient competition but strong differentiation
Explanation:
Products can fail when there is sufficient competition with weak differentiation.
If instead there is insufficient competition, the product has a better chance of being successful because it is offering a service that not many other products can replicate. People will therefore buy more of it.
Also if the product is strongly differentiated, it means that the company took the extra step of adding features to the product to make it stand out and be more useful to the customer. This can increase the appreciation for a product which will increase it's demand this ultimately leading to the success of the product.
Answer: Laggards
Explanation: In simple words, laggards refers to the individuals that does slow progress and takes time to accept new ideas and changes and usually fall behind others regarding accepting something new.
In the given case, Tom was reluctant to use smartphones at first but when he was left with no option he finally decided to opt them. Hence we can conclude that Tom is a laggard.
Answer:
lack of consumer safety
Explanation:
One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.