Trader Joe’s reinvented food courts within grocery stores by coming out with “Trader Bowls Bar,” where customers could customize their own rice or noodle bowls with fresh protein, vegetables, and toppings (Trader Joe’s own products). Based on your knowledge of the blue ocean strategy, which statement best reflects Trader Joe’s strategy approach? Group of answer choices a) The more successful Trader Joe’s is with Trader Bowls Bar, the more attention they will receive from potential competitors who want to get into a position to benefit from those same advantages. b) Trader Joe’s creation of Trader Bowls Bar will give them a sustained competitive advantage. c) The more successful Trader Joe’s is with Trader Bowls Bar, the less attention they will receive from rivals who will move away from this position to gain other advantages. d) Trader Joe’s creation of Trader Bowls Bar will give them a competitive disadvantage. e) Trader Joe’s creation of Trader Bowls Bar is helping them outmaneuver their competition in the healthy food retail

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
Trader Joe’s reinvented food courts within grocery stores by coming out with “Trader Bowls Bar,” where customers could customize their own rice or noodle bowls with fresh protein, vegetables, and toppings (Trader Joe’s own products). Based on your knowledge of the blue ocean strategy, which statement best reflects Trader Joe’s strategy approach?
Group of answer choices
a) The more successful Trader Joe’s is with Trader Bowls Bar, the more attention they will receive from potential competitors who want to get into a position to benefit from those same advantages.
b) Trader Joe’s creation of Trader Bowls Bar will give them a sustained competitive advantage.
c) The more successful Trader Joe’s is with Trader Bowls Bar, the less attention they will receive from rivals who will move away from this position to gain other advantages.
d) Trader Joe’s creation of Trader Bowls Bar will give them a competitive disadvantage.
e) Trader Joe’s creation of Trader Bowls Bar is helping them outmaneuver their competition in the healthy food retail
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON