Generally, companies follow one of two broadstrategies: offering a quality product at a lowprice, or offering a unique product or service priced higher thanthe competition. Assume you are opening a small food outlet across the street from yourclassroom. How might that business be operatedunder each of the two broad strategies? Consider the following specific operationalareas: (1) target customers, (2) products offer, (3) productpricing, (4) location choice, (5) advertising content, (6)advertising media.