Which of the Following Did Paradise Kitchens Inc

question 46

Multiple Choice

Which of the following did Paradise Kitchens Inc.considered an external opportunity?

• A)unique, high-quality, high-price products
• B)many lower-quality, lower-price competitors
• C)lack economies of scale of huge competitors
• D)consumer income is high and convenience is important to U.S.households
• E)more households "eating out," and bringing prepared take-out into home

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Definitions:

Tacit Collusion

A form of collusion among competitors in which they cooperate to achieve higher prices or market share without explicit communication.

Product Differentiation

the process of distinguishing a product or service from others in the market to make it more attractive to a particular target audience.

Price Leadership

A strategy used by a dominant company in a market to set the price of a product or service, which competitors then follow.

Product Differentiation

A strategy where businesses distinguish their products from those of competitors in the market through design, quality, or other features to create a perceived value among consumers.