Please answer the following questions based on the case facts: (NOT MISSING ANYTHING LIKE DATA OR GRAPHS
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Please answer the following questions based on the case facts: (NOT MISSING ANYTHING LIKE DATA OR GRAPHS BECAUSE IT IS NOT NEEDED, ONLY USE THE CASE FACTS TO SUMMARIZE)
1) What are major issues/problems?
2) What are the decision-makers goals and objectives?
3) Are there other stakeholder needs or preferences?
4) Are there any internal or external constraints to consider?
5) How would you classify Lone Star's competitive strategy and why? (hint: refer back to Chapter 1 for the discussion on cost leadership and differentiation)
6) What does Table 4 reveal about Jack Smith's assumptions regarding fixed and variable costs? Are these assumptions reasonable?
Lone Star Lodging
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