Trader Joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that Trader Joe’s focuses on Multiple Choice decreasing the existing value gap by providing luxury goods to customers. maintaining a less steeper learning curve as compared to its competitors. increasing the perceived value created for customers, which allows it to charge a premium price. lowering its costs compared to its competitors, while offering adequate value for its products and services.

Question

22-02-2022
Business

contestada

Trader Joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that Trader Joe’s focuses on Multiple Choice decreasing the existing value gap by providing luxury goods to customers. maintaining a less steeper learning curve as compared to its competitors. increasing the perceived value created for customers, which allows it to charge a premium price. lowering its costs compared to its competitors, while offering adequate value for its products and services.

Respuesta :

Otras preguntas

Lately, julia has a hard time getting out of bed. she has lost interest in her normal daily activities, and she does not even feel motivated to brush her hair o

Walter buys a bus pass for $30 every time he rides the bud money is deducted from the value of the pass rode 12 times in 2 $24 was deducted from the value of th

What’s 2 to the power of 3 a to the power of 7 x 2a to the power of 3 simplified

Simplify 0.05x + 1.02x. A)0.17x B)1.07x C)1.7

What major compromises led to the final approval of the constitution?

Stephanie’s friends describe her as someone who has the uncanny ability to say the right thing at the right time whenever someone is in need. according to gardn

Help Needed. Six and a half pounds of oranges cost $5.59. What is the cost of one pound?

How does guilt play a role in poe's stories?

Find the coordinates of the midpoint of (look at image) if L(8, 5) and B(–6, 2).a) (7, 3.5)b) (1, 3.5)c) (7, 1.5)d) (2, 1.5)

How could the study of insulin signaling help people with diabetes?

ajeigbeibraheem ajeigbeibraheem · Answer 1 · 2022-03-01T12:26:43+01:00

Trader Joe's differentiates itself from competitors by increasing the perceived value created for customers, which allows it to charge a premium price.

How do you thrive in a competitive market?

One of the strategic measures to inculcate as business personnel for you to thrive above your competitors is to know what your customer wants.

Trader Joe's understands what his/her customer wants. Therefore, He increased the perceived value created for his customers.

However, this will increase the price of the products sold to the customers but since there is a value that makes a huge difference from his competitors, the customers won't look at the price but rather the value of what they are buying.

Learn more about a competitive market here:

https://brainly.com/question/15176320