Documenti References Mailings Review View Aabe de AaB Code AaBbCcDc Aabccode AaBb Bbcc Your team has decided to start your own business. Your team has two food carts located on the opposite ends of the SJSU campus. Your team sells hotdogs/polish dogs, chips, and drinks which opens only during the hours of 11am-1pm and you often sell out before then. Your team members take turns operating the carts on a volunteer basis. Currently, your team only accepts cash. Since you're the only vendor on campus your profit margins are 250%, which means for every dollar you spend on purchasing your supplies you'll make that dollar back plus $2.50. That's not too shabby. At the end of the semester you periormed an online survey to get feedback from your customers on how you can improve your business/services. Below are the top results (not in any particular order) your customers say you can improve. Need more variety of foods The price is too high Need more payment options Longer hours of operations Service is too slow Cart and food serving area not clean Food Carts rarely open on time The following semester your team notices that sales have been slowly dropping and you haven't been selling out like you used to. You later find out that there's another food cart on campus. They sell the same stuff you do, but at a 15% lower price. After some research you also find out that they are taking about 60% of your sales. Also, during one of your classes you overhear a conversation about another group of students wanting to open their own food cart, but they want to sell tacos and burritos. QUESTION Using Porter's 4 Competitive Strategies which ONE would you use to compete with other food cart vendors? Explain and describe how your business would adjust to accomplish this strategy. and provide an example (Who, what, why, when). MacBook Air 6AAOOOOO +