(Solved): This week, you are going to be discussing the four market models so understan ...

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This week, you are going to be discussing the four market models so understanding each model is important. Please examine the following business snapshot of Pizza Hut: When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza. Since its modes beginnings, Pizza Hut has established itself as the leader of the $$\$25$$ billion pizza industry. Today, Pizza Hut offers six styles of pizza, includin Pan Pizza, Stuffed Crust Pizza, and its Hand-Tossed Style. Discussion Questions Which market model would you classify Pizza Hut in? Why? Be specific-yes, there is only one choice. Next, explain why Pizza Hut has expanded its offerings of pizza over the past five decades, and discuss the long-run profitability of such a strategy. Why is this information relevant to know in understanding how businesses operate?