Exterior threats of a restaurant

Expert Solution

The exterior threats of a restaurant business are:

The restaurant will face a threat when hiring the right and affordable employees. The employees are demanding a better salary and there is a scarcity of employees who have the required qualification in the hospitality industry.
The food price is on the rise and the restaurants cannot negotiate on the price with the retailers. So they need to plan a pricing strategy that can meet their business demands as well as keep their customers happy.
The customer needs and choices keep changing. The restaurant business should be able to change their food and also the cooks working for them based on the market needs.
The competition in the market is very huge. There are different food options available in the market for the customers and they are also offering the same food at a lower price. the business should always keep studying the market in order to know when they need to change their strategy to stay at the top of the table.

keosha answered 9 months ago

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