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Business, 24.06.2020 18:01 yejinschoi6362

You are considering starting a business to provide... You are considering starting a business to provide high-quality bookkeeping services targeted to restaurants and other food service providers in your region. Which factors would you evaluate to determine whether or not the food service Industry offers good prospects for attractive profits? 1. the industry's growth potential, whether competition appears destined to become stronger or weakes, how the industry's driving forces might affect overall industry profitability, the company's competitive position relative to thes, and the company's proficiency in performing Industry key success factors 2. constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group3. whether the market leaders enjoy competitive advantages and how dificult it is to promote Innovation to develop a strongly differentiated product or service for which a price premium may be charged 4. whether there are more than five key success factors, more than five barriers to entry, and more than five industry drivers C) an assessment of which firms in the industry have the best and worst competitive strategies

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