Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursu
ing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision? A. Quick Eats will face low profit potential.
B. Quick Eats will be able to create higher value for its customers.
C. Quick Eats will be better placed to gain a competitive advantage in the industry.
D. Quick Eats will not face any direct competition in the industry.
Which of the following will be a likely implication of this decision?.
B. Quick Eats will be able to create higher value for its customers.
Explanation:
A competitive advantage is to create value for your customers that in many cases your competitors cannot. Among which we can highlight lower cost, faster service, better customer service, a more convenient location.
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
