Scenario 7-1

question 19

Multiple Choice

Scenario 7-1. Kelli is starting her new business in the mall in the coming weeks. She has finished her business plan and is now looking at planning her startup. Her business consists of a clothing store for young women who purchase medium-quality fashionable school and work clothes. She sees customer service as her strong point because she is currently in the same age group and is very clothes conscious herself. Her competitors, also located in the mall, are all older women who cater to older women who purchase fashion conscious clothes. Kelli has no business experience, yet is willing to invest her entire inheritance in her new business venture. She is single, 21, and has no current debts. She has an opportunity to rent a space in the local mall if she signs the agreement next week. Kelli is excited about being able to pick the clothes on her racks herself and then sell those clothes to young women who would look fashionable in them.
-In Scenario 7-1, Kelli's competitive advantage would be which of the following?

• A) lower prices
• B) her location
• C) her customer service
• D) the fashionable clothes in her inventory

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Definitions:

Anorexia Nervosa

A psychological eating disorder characterized by self-imposed starvation and excessive weight loss due to an intense fear of gaining weight.

Oral Conflicts

Psychological tensions and struggles originating from the oral stage of psychosexual development, often manifesting in issues related to dependency, trust, and eating disorders.

Eating Disorders

Mental illnesses characterized by irregular eating patterns that detrimentally impact an individual's physical or psychological well-being.

Brain Chemistry

The complex interactions and balance of chemicals in the brain that affect mood, behavior, and cognition.