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 .
- 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 !
Rahul Sunny answered 1 year agoRelated Solutions
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