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 its 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.

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?

Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.

Predict how the price of athletic shorts would change if schools banned their use