As restaurant chains that specialize in Mexican cuisine, Fernando's and Carmelita's offer similar items on their menus. However, Fernando's restaurants are positioned in the market as elegant establishments with high prices. Carmelita's restaurants, on the other hand, are located in middle-class neighborhoods, with a casual atmosphere that welcomes families with young children. The prices at Carmelita's are in the moderate range. When evaluating the marketing strategies used by these restaurants, we can conclude that:
A) both practice product mix effectiveness.
B) they utilize product differentiation.
C) Fernando's has chosen a shopping good strategy.
D) their target markets differ, with one intended to appeal to the industrial market, and the other designed to attract the consumer market.
Correct Answer:
Verified
Q183: Borden, Inc. makes pasta, dairy items, and
Q188: Restaurants, like other businesses, often find that
Q190: The Procter & Gamble Company is a
Q195: When consumers decide to purchase a particular
Q211: Successful product differentiation
A) of consumer goods is
Q214: Which of the following would a firm
Q215: For small businesses, product differentiation
A) is more
Q224: The _ on packages were intended to
Q237: _ is an important part of the
Q280: According to the Adapting to Change box,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents