Quick eats is a fast-food restaurant that has recently entered the hospitality industry. since most of its competitors are pursuing a low-cost position and doing well, quick eats also wants to adopt the same strategy. which of the following will be a likely implication of this decision?
a) quick eats will face low profit potential
b) quick eats will be able to create higher value for it's customers
c) quick eats will be better placed to gain a competitive advantage in the industry
d) quick eats will not face any direct competition in the industry

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.