Question

In: Economics

Provide an example of product differentiation using any industry you want (e.g., fast food, shoes, clothing,...

Provide an example of product differentiation using any industry you want (e.g., fast food, shoes, clothing, etc.)

Solutions

Expert Solution

Answer:-

products differentiated in the fast food industry

Differentiation is a marketing term used to describe the process of developing promotional messages that distinguish your products from those offered by competitors in the minds of target customers. Effective differentiation is critical to building a strong business, especially in a highly competitive marketplace like fast food. Before starting a fast food shop or franchise, or buying into one, you need to consider how to differentiate from local competitors and chain restaurants.

Taste Quality

One way to differentiate a brand is by emphasizing superior product quality. Success in differentiating a fast food brand on taste quality revolves around impacting advertisements backed by a great product. Burger King stresses the quality of its flame-broiled burgers in its ads. Given that the company's price points are higher than those offered by others, it is critical that customers believe the taste quality exceeds the quality of less expensive competitors. If you own an independent fast food business, developing a distinctive taste or cooking process is often a better opportunity for differentiation than competing on cost with large chains.

Efficiency

The word "fast" in fast food is the basis for differentiation for companies that offer and promote a convenient, efficient service experience. Efficiency is central to differentiation strategies used by McDonald's. The company routinely locates restaurants just off of highway exits or in well-traveled business districts. This factor makes it easier for buses to stop in. Additionally, the company stresses its fast ordering process, including indicating the typical service time on the cash registers in busier restaurants. Hiring quality workers, paying them fairly and motivating them can help a small fast food owner compete on efficiency.

Customer Service

Differentiating through effective customer service is a challenge for fast food providers given the importance typical customers place on efficiency. Thus, companies more commonly turn to gimmicky service experiences rather than overly personalized or customized service. Sonic, for instance, differentiates itself because of the unconventional "drive-in" experience it offers customers. Sandwich shop Jimmy John's emphasizes its "freaky fast delivery" in its TV and radio commercials. With quality local workers, you may be able to compete on quality service in a small fast food shop.

Nutrition

The cultural trend toward more health-conscious eating has opened the door for fast food alternatives to the burger shop. Sandwich shop Subway has diligently differentiated itself as a healthy option. It has done so with the story of Jared, a regular guy who lost a lot of weight on the Subway diet. The company also regularly promotes several sandwiches with "six grams of fat, or less." Additionally, the company has used direct comparison ads to promote its superior nutritional value relative to McDonald's and other fast food shops.


Related Solutions

Provide an example of product differentiation using any industry you want (e.g., fast food, shoes, clothing,...
Provide an example of product differentiation using any industry you want (e.g., fast food, shoes, clothing, etc.)
Provide their contribution to the fast food industry, as well as an overview of the industry...
Provide their contribution to the fast food industry, as well as an overview of the industry Do a long term stock analysis from Wendy's and Mcdonalds using this last 5 years comparison.
Suggest  to choose a product, any product you want and wish to launch it in any country...
Suggest  to choose a product, any product you want and wish to launch it in any country of your choice, and complete a SWOT analysis. In order to do a SWOT analysis you will first have to do background research and analyze the situation.I would like you to provide some information about the background of the country, about your product idea, your target market, etc. Then, you are to write a SWOT analysis (strengths, weaknesses, opportunities and threats). Thoroughly discuss each...
b. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using...
b. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using this technique and the impact of that differentiation had on the firms’ performance.
Now Thomas Cook China is online only how can it provide any product differentiation from the competition?
Now Thomas Cook China is online only how can it provide any product differentiation from the competition?
10-bb. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using...
10-bb. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using this technique and the impact of that differentiation had on the firms’ performance. Relatively Large Number of Sellers- Not Price Makers- No collusion- Easy Entry and Exit- Economies of scale- Non-Price competition Independent action- Differentiated Products- Please help me in explaining the characteristics above.
Step 1: Search the internet for 2 different ads (for clothing, technology, food, whatever you want);...
Step 1: Search the internet for 2 different ads (for clothing, technology, food, whatever you want); one of them should use central processing techniques, and the other should use peripheral processing techniques. Step 2: Copy and paste the ads into your document and answer the following questions.------- -use peripheral processing techniques. 1) Identify the persuasive techniques used in each ad.  That is, what are the source, message, and audience characteristics for each ad, and how do you know one is central...
There are two fast food burger chains near your house. You want to determine which one...
There are two fast food burger chains near your house. You want to determine which one has the shortest wait times. The last ten times you went to “Dan’s Diner,” the wait times were: 12, 13, 13, 16, 17, 19, 19, 20, 22, 24 (minutes) You then call the statistician for “Burger Barn” and he tells you the following: “Our mean wait time is 19 minutes, with a standard deviation of 1.65 minutes. Here is our 5-number summary: {12, 18,...
Provide an example of any two leading companies from the same industry which are competing directly...
Provide an example of any two leading companies from the same industry which are competing directly for marketshare. Give a short profile (300-500 words) for each (provide references for your answers). If you are the manager of one of these companies, what pricing policy do you adopt to be in the first position? Why? (100-200 words) When the whole sector of the market is occupied by the little number of big corporations who share the leadership, what do we call...
Provide an example of any two leading companies from the same industry which are competing directly...
Provide an example of any two leading companies from the same industry which are competing directly for marketshare. Give a short profile (300-500 words) for each (provide references for your answers). If you are the manager of one of these companies, what pricing policy do you adopt to be in the first position? Why? (100-200 words) When the whole sector of the market is occupied by the little number of big corporations who share the leadership, what do we call...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT