Scenario-Based Soup, Salad, & Sandwich Is a Regional Chain of Restaurants

question 97

Multiple Choice

Scenario-Based
Soup, Salad, & Sandwich is a regional chain of restaurants in the northeast that provides dine-in, carry-out, and catering services.Owners Jesse and Mataya Peña currently operate six locations and are in the process of opening a new restaurant in another state.Their operation is quite successful and appeals to health-conscious consumers, busy moms, and executives in a hurry.Staying open longer hours, enlarging the menu, and expanding the scope of the business are among the many goals set by the Peñas.They want to follow a traditional business model in reaching their goals.
-Soup, Salad, & Sandwich features all of the traditional business participants _____.

• A)owners
• B)employees
• C)shareholders
• D)customers

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Definitions:

Tying Strategy

A sales tactic where a product or service is sold only on the condition that the buyer also purchases another, typically related, product or service.

Profit-Maximizing Price

The price at which a company can achieve the highest possible profit on its product or service, which typically involves balancing price levels to maximize total revenue while minimizing costs and losses.

Cable Television

A system of delivering television programming to paying subscribers via radio frequency signals transmitted through coaxial cables.

Prisoners' Dilemma

A concept in game theory where two individuals acting in their own self-interest do not result in the optimal outcome.