Question

Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market. Determine which suggestions below might help Robert differentiate his ice cream shop, JubJub's, so that he can garner some market power.

Select all of the following ideas that will help differentiate JubJub's from the other ice cream parlors.

1. Changes his menu to include only the exact flavors of his competitors, including the ice cream flavor names.
2. Open JubJub's next to "The Triangle, " an area with an elementary school, a middle school, and a high school less than 5 minutes away.
3. Make ice cream using fresh organic milk and fruit, something none of the other competitors are doing.
4. Price ice cream at JubJub's to appeal to the luxury crowd - $100 a scoop.

Answer 1

Answer:

The Ideas that will assit the JubJub's to diffrentiate from other icecream parlors are "2, 3 and 4"

Explanation:

Individual Robert can utilize Customer focusing on that pull specifically cates.ory of client and make advantage by lessening the opposition. Individual R can pick Location inclinations system under which he picks an area where he can draw in the potential purchasers or he can utilize one of a kind items to pull in individuals and separate items from contenders will give him showcase power.

Answer 2

Answer:

2. Open JubJub's next to "The Triangle, " an area with an elementary school, a middle school, and a high school less than 5 minutes away.

3. Make ice cream using fresh organic milk and fruit, something none of the other competitors are doing.

4. Price ice cream at JubJub's to appeal to the luxury crowd - $100 a scoop.

Explanation:

The following ideas that will help differentiate JubJub's from the other ice cream parlors:

• Open JubJub's next to "The Triangle, " an area with an elementary school, a middle school, and a high school less than 5 minutes away.
• Make ice cream using fresh organic milk and fruit, something none of the other competitors are doing.
• Price ice cream at JubJub's to appeal to the luxury crowd - $100 a scoop.
• Individual Robert can utilize Customer focusing on that pull specifically catesgory of client and make advantage by lessening the opposition.

Thus , the correct answer is 2,3 and 4.

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