Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When Chipotle opened its first store in 1 9 9 3 , the idea was simple: demonstrate that food served fast didn't have to be

When Chipotle opened its first store in 1993, the idea was simple: demonstrate that food served fast didn't have to be a "fast-food" experience. It used high-quality raw ingredients, classic cooking methods, and distinctive interior designfeatures that are more frequently found in the world of fine dining. When it opened, there wasn't an industry category to describe what it was doing. Over 25 years and 1,500 restaurants later, it competes in a category of dining now called fast-casual, the fastest growing segment of the restaurant industry, where customers expect food quality thats more in line with full-service restaurants, coupled with the speed and convenience of fast food.
Consumer behavior is the way in which individuals and organizations make decisions to spend their available resources, such as time or money. How consumers make choices is influenced by their level of involvement in the decision process. Involvement is the personal, financial, and social significance of the decision being made. The study of high and low involvement focuses on how consumers choose which alternative to purchase and is important for firms to understand as they develop strategies to sell their products.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Manufacturing Planning And Control For Supply Chain Management

Authors: F. Robert Jacobs, William Berry, David Clay Whybark, Thomas Vollmann

6th Edition

0073377821, 9780073377827

More Books

Students also viewed these General Management questions

Question

Comparing GDP among Countries

Answered: 1 week ago