Quick Eats 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, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?A) Quick eats will face low profit potential
B) Quick eats will be able to create higher value for it's customers
C) Quick eats will be better placed to gain a competitive advantage in the industry
D) Quick eats will not face any direct competition in the industry

Answers

Answer 1

Answer:

Answer: Option (A) is correct.

Explanation:

Quick Eats will adopt the same strategy which are used by its competitor in order for them to survive the competition i.e. Since most of Quick Eats competitors are sticking to a low-cost position and doing well in the market, the organization will adopt the same strategy as this will help them to sustain in long run.

Related Questions

Patton Company purchased $1,500,000 of 10% bonds of Scott Company on January 1, 2018, paying $1,410,375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of:
Advertising can:___________ a) manipulate customers into buying a product. b) raise the cost of producing a product. c) assure a product does not fail. d) prevent economies of scale in manufacturing. e) increase demand for the product.
What is the index that shows how 30 specific industrial stocks have traded called?
A U.S.-based MNC has just established a subsidiary in Algeria. Shortly after the plant was built, the MNC determines that its exchange rate forecasts, which had previously indicated a slight appreciation in the Algerian dinar, were probably false. Instead of a slight appreciation, the MNC now expects that the dinar will depreciate substantially due to political turmoil in Algeria. This new development would likely cause the MNC to ____ its estimate of the previously computed net present value.
Direction: Write HURRAY to statements that expresses correct thought and HEPHEP if not. 1. Production record reflects the list of the different crops grown in the farm in a particular year.2. The use of flyer for marketing fruits and seedlings is convenient and cheap.3. Web marketing involves both advertising and marketing efforts through email to current and prospective customers. 4. Email marketing includes e-commerce, promotional or informative websites, and online advertising on search engines.5. Online marketing is the process of selling products to the market.6. Social media marketing involves both advertising and marketing efforts via social networking sites. 7. Fruits are ready for harvest at the right degree of maturity.8. Calamansi is best to harvest from July to October.9. Cash record is the value received from cash sales and cash payments in a certain period.10. August to November is the best time of the year to harvest soursop or guyabano and lanzones.

One way to think about TQM is as a business philosophy centered around seven core ideas, or principles: __________ refers to companies expanding their TQM efforts to include supply chain partners. If members of the supply chain do not share the same commitment to TQM, quality will suffer because suppliers’ materials and services ultimately become part of the company’s product or service.

Answers

Answer:supplier partnerships

Explanation:supplier partnership is a commitment over an extended time to work together to the mutual benefit of both parties, sharing relevant information and the risks and rewards of the relationship.

In quality control, extended relationship between buyers and sellers based on confidence, credibility, and mutual benefit. The buyer, on its part, provides long-term contracts and assurance of only a small number of competing suppliers. In reciprocation, the seller implements customer's suggestions and commits to continuous improvement in quality of product and delivery.

Answer:

Supplier Partnership

Explanation:

Supplier Partnership can be defined as the way in which companies tries to expand their total quality management (TGM) in order to include the supply chain partner in which the relationship, between them involve a commitment over a long period of time period in which if members of the supply chain do not share the same commitment to TQM the quality will suffer although partnerships with suppliers have proven to be valuable and essential in many companies' supply strategy.

Total quality management (TQM) is important because it helps to reduce error especially in manufacturing supply chain management and also help to improve customer experience and customer satisfaction.

Locate and correct the circular reference for the balance in cell i5. the balance should be calculated as the difference between total due and the down payment.

Answers

By circumference we can safely assume that the figure is a circle.Assuming that the given is radius, you are given the radius of a circle of 59inches. You are asked to find the circumference of the figure. The equation forthe circumference of a circle is C=2*pi*r.

C=2*pi*r

C = 2*3.723*59 inches

C = 370.71 inches

Th circumference of a circle is 370.71 inches.

Final answer:

To correct the circular reference in the balance equation for cell i5, use the formula =Total Due - Down Payment.

Explanation:

The circular reference in the balance equation for cell i5 can be corrected by using the formula: =Total Due - Down Payment. This will ensure that the balance is calculated correctly as the difference between the total due and the down payment.

To fix the circular reference, follow these steps:

Select cell i5
Enter the formula =Total Due - Down Payment
Press Enter

This will update the balance in cell i5 to reflect the correct value.

Learn more about Circular Reference here:

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What is the main feature of chat rooms?alternate text messaging
delayed text messaging
real-time text messaging
offline text messaging

Answers

The correct answer is C. Real-time text messaging

Explanation:

Chat rooms are websites that allow users to send messages to others even if the other person is on the other side of the world. Due to the nature of these websites, these are used by users to know people or talk about common interests. Besides this, chat rooms differ from other websites because it implies synchronous conferencing, this implies messaging occurs in real-time because to contact any other user she/he needs to be online and messages are sent and received immediately. Thus, from the options, the main feature of chat rooms is real-time text messaging.

Real-time messaging, obviously.

Why is it a problem if drivers use the company cars for personal reasons

Answers

It is a problem because the driver is using a company issued car which belongs to the company. So if the driver got in an accident or did something reckless the company is reliable for his mistake.

Although it can be expensive for businesses to implement operational efficiency, this cost produces greater quality results. For organizations with multiple divisions, developing processes once and repeating them saves time. True False

Answers

Answer:

False

Explanation:

Operational efficiency: It is defined as group of strategy and technique that management implement to produce goods and services at a cost-effective method, at the same time maintaining the standard and quality of product. The ratio of operational efficiency is measured by dividing total operational expenses with total revenue, it help to find the efficiency of the production or operation. It is helpful in improving process of production as well help in gaining more profit.

In the given situation, It is false to say that implementing operational efficiency can be expensive.

A Weak Dollarby The Columbus Dispatch, September 7, 1999If the price of buying a car starts rising in the United States, consumers may need to look no further than the dollar's recent slide against major foreign currencies.On the other hand, economically depressed Midwestern farmers may find it easier to sell surplus grain overseas if a weak dollar makes it cheaper for foreigners to buy U.S. goods.The dollar spent much of last week on the skids, flirting with its lowest level of the year against the Japanese yen...It also has lost ground to the euro.The passage MOST LIKELY relates toA)the national debt.B)the exchange rate.C)the inflation rate.D)the stock exchange

Answers

Answer:

C) the inflation rate.

Explanation:

This article is refers to the currency exchange rate between the US dollar, the Japanese yen, and the euro.

Since the US dollar depreciated against the Japanese yen ($1 buys less yens), the price of imported cars increased. Since the US dollar lost value, American exports were cheaper, so they would naturally increase since they would be more attractive to foreign buyers. In the last part it also mentioned the euro and the similarities with the yen.

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