Instant Grub is a fast$-$food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursuing a low$-$cost position and doing well, Instant Grub also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?

Multiple Cholce

Instant Grub will face low profit potential.

Instant Grub will be able to create higher value for its customers.

Instant Grub will be better placed to gain a competitive advantage in the industry.

Instant Grub will not face any direct competition In the industry.