1) You are planning to open up a new restaurant
business, what kind of external environment will affect
you.
Answer Opening a restaurant is a good idea for business
especially if things works in my favour.I will have to face
following environmental problem that might affect my business model
.
- Location/place/city -The location is one of the most
important factor for business especially Restaurant because the
location will decide if i would be able to provide good quality
service or not and if the crowd will be more or less. There can be
chances that people of all age group come frequently or they prefer
other restaurants as well .Therefore deciding a proper and prime
location in an area is one of the challeneg to overcome for my
successful business
- Taste of customer - Another factor isthe preferences of
customer in the area i opened my restaurants .Will they be
moreinterested in veg or they are non veg people .
- Labor work force - Depending on the location , the
avilability of porper staff is also an important factor which is
going to affect my restaurant ,
- Pricing - Depending on the competition and on the
market demand of restaurant services , i need to have a perfect and
satisfying altough adjusting pricing for the service i am about to
render
- Whether of place - This is also important which will
affect my business as people go for seasonal trend and there is no
fixed menu for any season , it change and according to this i need
to change set ups in my business .Therefore it is also important to
consider
HAVE A GOOD DAY !