Aji owns a rental space in New York and is thinking of opening a restaurant in that space. An accountant looks at the estimated out of pocket costs and expected revenues. He infor that the restaurant will make profits. But Aji's economist friend tells her that the restaurant business is not likely to be profitable. Both the accountant and the economist can be corre O True
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- A big data firm Statqo Analytics report shows that Gojek had experienced a 14 percent downturn during the pandemic. Therefore Gojek has a plan to provide special promotions for its customers. However, Gojek still needs to consider its competitor, Grab, before deciding. Based on Gojek’s board of directors calculation, if neither Gojek nor Grab offers discount pricing, a profit of US $2.5 million will be earned by Gojek, and US $2 million will be earned by Grab. However, if Gojek is the only one to offer a discount, it will earn US $5million, while Grab profits will fall to US$ 3 million. If Grab offers a discount and Gojek continues to charge the regular price, Grab profits will total US $3.5 million while Gojek monthly profits fall to US$1.5 million. Finally, if For both Gojek and Grab are to offer discount prices, thereby they will get a modest profit of US $4 million and US $2.5 million, respectively a. Develop a normal-form game of the situation by filling up the table bellow…An entrepreneur is looking to open a restaurant in a town with only one other restaurant. The incumbent restaurant is very successful with high profits. Which of the following business strategies are most likely to allow the entrepreneur to start a profitable restaurant? Select all that apply. A) Offer the most popular dish served by the incumbent restaurant. B) Open the restaurant location near the incumbent restaurant. C) Use new technology and business practices to cut variable costs lower than the incumbent restaurant. D) Specialize in a type of cuisine not served by other restaurants in the region. E) Set prices lower than the incumbent restaurant to capture market share.Which of the following products best fits under the category of perceived obsolescence? Wrapping paper Styrofoam take-out container Plastic fork Smartphone