Business Strategy
Q1 Answer The shakeout presented in this case is the closure of many restaurants recently due to their failure to break even in the business due to various underlying factors. In fact, many of them are filling for bankruptcy protection due to their inability to operate efficiently in the industry. Competition is one of the major threats in the chain restaurants that is posing a danger to their operations. The competition in the chain restaurant is subject to the differentiation strategies adopted by the chain restaurants. Inability to meet the quality demanded by the customers is another threat to ...