Write a paragraph about your business, how you plan to compete with the other local frozen-yogurt shop, and why your action plan will work.Use what you have learned in this lesson to support your plan.

Answer:

My frozen-yogurt business will compete by keeping production costs low and maintaining high transparency for consumers. By remaining a small-scale operation with fewer employees, I can reduce the burden of labor regulations and overhead costs, allowing me to offer lower prices than the existing shop. Furthermore, I will comply with consumer protection regulations by clearly listing all natural ingredients, which builds trust with health-conscious customers. This combination of competitive pricing and product quality will attract a loyal customer base and ensure the business's success.