Gerald Is Planning on Setting Up a Burger Joint in His

question 75

Multiple Choice

Gerald is planning on setting up a burger joint in his hometown.He finds out the NAICS (North American Industry Classification System) code for his business.From this information, he is able to understand that his immediate area contains virtually no competitors and has the potential to do very well.In the context of the critical steps involved in conducting an external analysis, Gerald is ________.

• A)starting to develop an understanding of his competitive advantage
• B)drawing a set of competitive maps
• C)defining the industry in which he is competing
• D)examining and developing insights about substitutes

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Definitions:

Incorrect Typefaces

The use of fonts in a document or design that are not suitable for its purpose, potentially affecting readability or tone.

Web Link Issues

Problems associated with web links, including broken links, outdated URLs, or links that lead to irrelevant or harmful content.

Ink Color

The hue or shade of the ink used in printing or writing instruments.

Production Quality

The overall standard and excellence of the manufacturing or creation process of goods or content.