This week, you are going to be discussing the four market models so understan ...
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?