Foodies,a food manufacturing company,made plans to either open a new outlet in Berylia,a country where the majority are low-income families,or Erbia,a country where the majority of the people belong to high-income families.They finally decide to open a new outlet in Berylia,by offering products with reduced cost as the demand for their product is greater in Berylia.This scenario is an example of _____ in defining a strategy.

Question

Quizplus · Accepted Answer

The decision to open an outlet in Berylia instead of Erbia indicates that Foodies made a trade-off between potential profitability and meeting the needs of the target market. They chose to prioritize demand and affordability over potential revenue from high-income customers in Erbia.

Foodies,a Food Manufacturing Company,made Plans to Either Open a New