Question: Restaurants often succeed or fall based on their physical location. Assume there's a restaurant that happens to be located on the only hill that exists

Restaurants often succeed or fall based on their physical location. Assume there's a restaurant that happens to be located on the only hill that exists inside a large dty. In addition, the view of the city from the top at night is widely considered beautiful and highly sought after, so there's usually a long waiting list to get a reservation for dinner. Only the city Mayor is in to get a reservation anytime she wishes Which of the barriers to entry would best describe the advantage held by this restaurant? (Hint: Only consider information above that relates to barriers to entry Product Differentiation Proprietary Heroes Supportive Government Police High Switching Coats None of the Above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Question 37 4 pts Budget Rental Car rents vehicles to customers who drive themselves around usually for a period of 1 - 7 days. Uber is a company that primarily responds to customers' requests for...

Restaurants often succeed or fail based on their physical location. Assume there's a restaurant that happens to be located on the only hill that exists overlooking a small city. In addition, the view...

What are some of the lessons T. Sowell wishes us to learn regarding the examples of Toyota, McDonalds, and Howard Johnson? Explain their successes and/or mistakes, as well as those of some of their...

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Strategic Management Frank Rothaermel,6eRelease: 6th Edition Please include a word count of your post (excluding citations and references), no matter whether it is an initial post or a reply, at the...

Consider and discuss the specific risks and nature of the company you will be auditing and create comprehensive work programs for the Inventory, Warehousing, and Payroll accounts and cycles. Submit a...

Learning Team assignments build upon each other from Weeks 2-5. The first step is to go to the website of a publically-traded US company and select the most recent 10-K Form (legally-required...

Rahquez and Nathan take out a 30 year mortgage for $383,000 at the APR of 9.8%, compounded monthly. (a) What will there monthly payments be? $ (b) After they had made 8 years of the payments (96...

The social institution by which society provides people with important knowledge, including basic facts and information, job skills, and cultural norms and values is the family. the church. the peer...

Contribution margin is: sales less cost of goods sold, sales less variable production

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...