Would these two strategies be an example of a firm in a monopolistically competitive industry attempting to differentiate its product? if not, briefly explain why the ceo may have decided to pursue these strategies.
a. yes, because red robin is trying to differentiate its products in order to compete with other firms.
b. yes, because red robin is trying to sell a product that is identical to its competitors to capture short-run profits.
c. no, because red robin is simply trying to produce and serve menu items at the lowest possible cost.
d. no, because red robin is copying the strategies of panera bread and mcdonald's in order to lower its costs of production.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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