In: Economics
Identify a micro business within your locality and document its sales performance prospects and challenges, make recommendations to improve the situation for the firms.
Please detailed explanation will be a good one
Answer-There is a cyber cafe shop in my area, where the children, as well as peoples who were not having an internet connection as well as a computer system, come to do their work through this cafe. The sales performance of this cafe is quite impressive and charges for the use of the system as well as the internet is quite affordable which is helping the shop in more number of customers.
Challenges -1.Speed of the internet connection.
2. Innovation and the chance of development is very limited in the cybercafe business.
3.Rough use of computers by the customers.
Recommendations
1. Having a good speed internet connection.
2. There should be a sufficient number of computers in the shop to fulfill the demand of the customer.
3. To attract the gaming customers there should be high graphic quality computers in the cafe.
4. As there is rough use of computers by customers ,shopkeeper should purchase low budget computers if only offering internet access to the customers.