Question
Read the scenario and answer the following questions: provide a separate graph and explanation for each part please Hairdressing is an industry that is significantly
Read the scenario and answer the following questions: provide a separate graph and explanation for each part please
Hairdressing is an industry that is significantly all about making people look and feel great. In the past, the hairdressing industry focused its services on females, with male clients opting for haircutting, beard cutting and a range of design and shaving services. Normally, hairdressers charge from $10 - $50 per haircut. More recently males have also become increasingly active consumers of an expansive range of skin and hair care products and services. Salon owners and beauty business professionals spend more time focusing on their local competition However, owner of Tony&Guy claim that they are at the forefront of innovative colour techniques and styling, delivering personalized consultation and experience to their customers.
Q2a. What kind of competitive market does 'Tony&Guy' operate in? Explain your choice. (include graph)
Q2b. Explain graphically how 'Tony&Guy' can maximize profit in the short run.(include graph)
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