Question

To begin your plan, you will need to know about your competition and decide how you will attempt to compete. Your competitor is called Create Your Own Yogurt, and it uses artificial flavors that customers use to create their own yogurt. In the lesson, you learned about three techniques businesses can use to compete with one another. In two to three sentences, explain how you will address each area of competition to help make your business successful against this competitor.

Answer 1

First, i would develop a similar product to 'create your own yogurt' but doing it by using natural Ingredients that definitely better for the health. After that, i would create a marketing campaign to create an awareness for the existence of my product. For the cherry on top,  i would endorse several health and fitness professional to make a comparison review between my products and my competitor's.

Answer 2

Sample Response: First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else.