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Larger firms operating within the hospitality industry, such as independent restaurants, can combat the pricing behavior of other firms and retain their market share. Discuss
Larger firms operating within the hospitality industry, such as independent restaurants, can combat the pricing behavior of other firms and retain their market share.
Discuss each of the following four inputs in terms of the reasons for this competitive advantage: ---------------------------------------------------------------------------- 2.1 Lower input costs (5) 2.2 Costly inputs (5) 2.3 Specialised inputs (5) 2.4 Learning inputs (5)
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