Question

In: Economics

research practice questions word limit (400- 600) 1) You are planning to open up a new...

research practice questions word limit (400- 600)

1) You are planning to open up a new restaurant business, what kind of external environment will affect you.
2) Write the job description for a sales representative at best buy. What will be the selection criteria and process, explain in detail.

Solutions

Expert Solution

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 .

  1. 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
  2. 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 .
  3. Labor work force - Depending on the location , the avilability of porper staff is also an important factor which is going to affect my restaurant ,
  4. 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
  5. 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 !

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

            Question 1 (word limit: 600 words)             You are part of the management team in...
            Question 1 (word limit: 600 words)             You are part of the management team in a medium-size Internet server company. Driven by rapid changes in the business environment in recent years, the management team has decided that the company’s management accounting practices have to be focused on the customers. The company is just two years old and is growing dramatically, doubling its customer base every six months. Required: (a)        Identify three typical customer's needs and service expectations of most...
Answer the following questions in a 400-600 word response [total for both] or 200-300 words each...
Answer the following questions in a 400-600 word response [total for both] or 200-300 words each question. 1. The analysis of standard cost systems begins with the development of standards for direct materials, direct labor, and manufacturing overhead. Discuss standard costs and indicate how they can be used by management in planning and control. 2. Why is it important to consider the relationship among cost, quality, and selling prices when establishing standards for direct materials?
Students are required to provide a piece of writing (with a word limit of 400) on...
Students are required to provide a piece of writing (with a word limit of 400) on how the MYOB software can contribute to the various kinds of business management decision-making through using some of the specific special-purpose-reports generated by its software.
write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. Research...
write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. Research the "as-a-service" type of approach to cloud computing while considering Software as a Service (SaaS), Identity as a Service (IDaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). How can these approaches reduce costs and add value? Specific attention should also be given to the (SaaS) cloud model. How can this model reduce costs and add value to collaboration services like...
Read the topic below, and then write a essay about it. Word limit: at least 600...
Read the topic below, and then write a essay about it. Word limit: at least 600 words. topic: In our lessons, important turning points are mentioned by emphasizing on both domestic and international factors. What are the domestic and international factors that affected the Turkish Economy in the first half of 2020? What will be the long term affects of these factors?
You are requested to do a research to explain the below with sufficient details (500-600 word)....
You are requested to do a research to explain the below with sufficient details (500-600 word). **Explain how Organizational Learning frameworks, concepts, sense making, unlearning, etc. used in improving, developing and maintaining effective solutions to emerging problems or situations in organizations?
You are requested to do a research to explain the below with sufficient details (500-600 word)....
You are requested to do a research to explain the below with sufficient details (500-600 word). **Explain how Organizational Learning frameworks, concepts, sense making, unlearning, etc. used in improving, developing and maintaining effective solutions to emerging problems or situations in organizations?
Finance 600 : As part of the financial planning process, a common practice in the corporate...
Finance 600 : As part of the financial planning process, a common practice in the corporate finance world is restructuring through the process of mergers and acquisitions (M&A). It seems that on a regular basis, investment bankers arrange M&A transactions, forming one company from separate companies. What are the advantages and the disadvantages of a merger? In your response, provide an example of either - a merger that was successful, or one that was unsuccessful.
As a young entrepreneur, you are planning to open a budget hotel with a start-up capital...
As a young entrepreneur, you are planning to open a budget hotel with a start-up capital of RM 350,000. The hotel will have single-bed rooms with an expected rate of RM 90 per room. An average room occupancy rate is about 250 per month. Annual operating expenses for which cover administration, utility and maintenance costs are about RM 80,000. The cash flows will be expected to remain unchanged for the next 10 years. It is expected that the before-tax minimum...
You are a new physician setting up your own practice in a new town. You are...
You are a new physician setting up your own practice in a new town. You are researching the different MCOs offered in your area and are considering becoming a physician for one of these networks. You have also invited the sales representatives of several health plans to speak with you about the benefits of choosing their plans. Based on the above scenario, answer the following questions: What effects would joining a MCO have on your clinic regarding staffing, patient volume,...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT