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Generally, companies follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher
Generally, companies follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition. Assume you are opening a small food outlet across the street from your campus. How might that business be operated under each of the two broad strategies? Consider the following specific operational areas:
a. target customers
b. products offered
c. product pricing
d. location choice
e. advertising content
f. advertising media
a. target customers
b. products offered
c. product pricing
d. location choice
e. advertising content
f. advertising media
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LowCost Strategy a Target Customers Demographics Target a broad customer base including students faculty and local residents Psychographics Emphasize ...
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