In two to three sentences, explain how you will address each area of competition to help make your business successful against this competitor.

Question: In two to three sentences, explain how you will address each area of competition to help make your business successful against this competitor.

To compete successfully against my rivals, I plan to employ a multi-pronged approach. Firstly, I will focus on reducing prices to attract more customers. To achieve this, I will aim to minimize operational costs, beginning with personally overseeing the shop's operations. Secondly, I intend to improve the quality of my product by using healthier, superior ingredients to differentiate it from others in the market. Lastly, to further stand out, I will innovate by offering unique ingredients that are not currently available elsewhere, giving my business a distinct edge.

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