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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3809 |
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In this highly competitive segment, traditional areas of competitive advantage including food quality and service were rapidly becoming a strategic necessity. Today, high class restaurants often sought a competitive advantage through alternative means such as decor. It was not unusual for restaurants with an average bill over $50 per person to spend over $4500 on decor per seat...
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Today, high class restaurants often sought a competitive advantage through alternative means such as decor. It was not unusual for restaurants with an average bill over $50 per person to spend over $4500 on decor per seat. Reputation was another key factor; a strong positive reputation was an intangible asset that could translate into real value, especially in an industry that was heavily influenced by hot trends and fickle customers...
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