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For each of the following situations, identify the method of competition.

A store that offers a coupon for the purchase of its sandwiches is to compete.

A bakery that creates a new type of dessert is using to compete.

A barber shop that hires a better barber and reduces wait times is using to compete.

Respuesta :

Answer:

1.) lowering prices

2.) innovation

3.) quality improvements

Explanation:

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OlanmaE

To get customers to purchase the items that they sell, businesses might incorporate several strategies. For the following situations, the methods of competition have been stated;

  • Reduction of prices- A store that offers a coupon for the purchase of its sandwiches is to compete.
  • Innovation- A bakery that creates a new type of dessert is using to compete.
  • Quality improvements- A barber shop that hires a better barber and reduces wait times is using to compete.

As seen in the instances described, the entrepreneurs have employed several measures to ensure that they get their customers to buy from them.

A coupon is a voucher that ensures some discount for the buyer.

This will motivate the buyer to purchase more goods. When competing with other businesses, entrepreneurs must think of how they will stand out.

Learn more here:

https://brainly.com/question/22648351

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