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- what do you feel are factors that would affect you as a manager when menu planning ? How would you over come these factors?3. When considering customer satisfaction, the relationship between the consumer's and the product's is important. O information; actual features O alternatives; price O attitude; performance O expectations; perceived performanceIt's about restaurant business ( PLEASE HELP ME ANSWERING IN YOUR WORDS) Product Type: Are you planning to sell products or services? Explain the type of your product/service: is it a consumer or a business product? Also, classify your product depending on the category it belongs to (Convenience product, shopping product, materials and parts...). Why did you classify it in this category? Build your Brand: Choose the name of your product (company). Why you chose this name? Does the name fit the conditions of strong brand names? Why?
- Create a fictitious Business/Product idea and answer the following •You cannot use an existing Brand or Company. However the actual product/service offering does not have to be an innovation. For example, you can choose to create a branded bakery as a business. The business to have a product, therefore the business cannot be a service alone (for example, if you choose a car wash as a business, you must also sell related products).What is Olive Garden’s fare (a range of food, especially of a particular type)? How is its menu different from its main competitors?week 3From the scenarios, Erica and Chris have determined their weaknesses after performing a SWOT analysis. However, they have yet to identify opportunities for their business. Determine two potential opportunities specific to their restaurantâs business environment, and discuss how the partners can take advantage of these opportunities.Discuss a situation where you were influenced by an infomercial, attractive packaging, and a discount flyer to purchase a product, and explain why you think the promotional method made such an impact on you.week 4* From the scenarios, we see that Chris and Erica have different communication styles that could potentially have a negative impact on the business. Suggest at least two strategies that these partners can use to improve on these weaknesses, and explain why you believe these strategies would be effective for running the business.From the e-Activity, briefly describe your results from the communication skills quiz. Describe the…
- Task 5 The product cycleYou tell about the product life cycle for an entrepreneur in the process of developing a new product. Which of the following statement (s) do you say to the entrepreneur (which statement (s) are correct (a) statements): Select one or more options: A) The product life cycle is used as a segmentation variable to segment a market B) The stages of the product life cycle can be a guide for companies in what an appropriate marketing strategy can be C) The product life cycle looks exactly the same for all offers D) You can see the product life cycle at different levels, such as product class or brand E) The time it takes for different offers to go through the stages of the product life cycle variesBusiness Assignment 1. Come up with a brand name for a hypothetical product of your choice. Explain briefly. 2. Come up with a why statement for your brand. 3. Describe how your product will be differentiated from competitor products 4. Come up with a positioning statement for your brand. Which type of positioning strategy are youu using? 5. Semiotics analysis: what words or symbols will your brand be associated with. Write a list. Explain if needed. 6. Create a product map for your productGhemawat discusses differentiation and low-cost strategies. In What is Strategy (week 1 reading), Porter talked about variety-based, needs-based, and access-based positioning. How are these concepts related? Can a firm pursue a needs-based strategy and be "differentiated"? Explain.
- Krispy Kreme Doughnuts, Inc 2015 . Startegic management. Part B Review and present the mission statement of Krispy Kreme Doughnuts Inc 2015 .Does the their statement meet those 9 components ? Mission Statement: Consumers (1) are our lifeblood, the center of the doughnut (2). There is no substitute for quality in our service to consumers. Impeccable presentation (4) is critical wherever Krispy Kreme is sold (3). We must produce a collaborative team effort that is unexcelled (5). We must cast the best possible image in all that we do (6). We must never settle (7) for “second best;” we deliver on our commitments (8). We must coach our team (9) to ever-better results. Please use own sentences a) Read and evaluate the mission statement of that organization accordingly which evaluation of mission statement, Components, Legends. b) Identify whether the mission statement is good or not good, re- number the components terms in bracket as mention those related components.State reason for your…magine you are a consultant hired to advise the Board of Directors about an innovative development that can lead the company to either sell a new product or enter a new market for an existing product. The company is a chicken farm that exports eggs 1. give an overview of the new product idea or new market. There must be a rationale/justification for, the product/service/ new market, This must be clearly described and a unique value proposition should also be included here.1.A company makes a pair of shoes (a semi-durable) that can last for more than 10 years. Is this an advantage or a disadvantage for its customers? Why do you think so? 2 People “need” to eat. Some “want” to eat pizza or a sandwich. Is it possible for a “want” not to emanate from a “need”? Explain by relating your experience.