Your friend Lisa Ryan is opening a smoothie shop that will sell a variety of smoothie drinks

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Your friend Lisa Ryan is opening a smoothie shop that will sell a variety of smoothie drinks in the $4 to $5 price range. When you ask her if she is worried that the steep price of smoothies might prompt potential customers to buy a soda or a sports drink instead of a smoothie, Lisa answers, “You’re right. Someone could substitute a soda or a sports drink for a smoothie and save a lot of money. Is there anything I can do to discourage that?” What do you tell her?

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Entrepreneurship Successfully Launching New Ventures

ISBN: 9780132555524

4th Edition

Authors: Bruce R. Barringer, R. Duane Ireland

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