Question: You have the idea to open a lower cost, more affordable grocery store in a new neighborhood. Although the neighborhood is new, there will likely
"You have the idea to open a lower cost, more affordable grocery store in a new neighborhood. Although the neighborhood is new, there will likely soon be more permanent residents in the area who will need a place to shop. About miles away there is another grocery store that is somewhat established and already has customerbrand loyalty. Which disadvantage to operating with a lowcost strategy would best fit the scenario?"
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