Scenario 4-2. Petro is considering opening a new small business called Petro's Playground. It will be an inside playground with climbing equipment, jungle gym, pit of balls, slides, and swings. Petro's closest competition has been in business for four years and provides quality service along with the fun of the playground. The competition is located four miles away in a large city and Petro is hoping to acquire some of his competition's market share by providing lower prices and more diversity in playground equipment.
-In Scenario 4-2, which advantages may Petro have initially in obtaining new customers?
A) lower prices and new and different equipment
B) good service
C) new building
D) location

Question

Quizplus · Accepted Answer

Petro may initially attract new customers by offering lower prices and more diverse playground equipment compared to his competition, making his playground more appealing to potential customers looking for value and variety.