PESTEL ANALYSIS: RESTAURANT INDUSTRY P – Political When looking at the restaurant industry there are always government regulations to look at. There are many government agencies such as the FDA that restaurants must be aware of. Regulations for restaurants will include hygiene‚ health‚ and food standards. Restaurants must have certain licenses and permits for certain features that are served such as alcohol. E – Economic In the United States there are always economic trends for every
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CHAPTER III: MANAGEMENT ASPECT A. Form of Ownership The business shall be organized under a general partnership contract as defined in Article 1767 of the Civil Code of the Philippines as‚ a contract of two or more persons who bind themselves to contribute money‚ property or industry into a common fund with the intention of dividing profits among themselves. In terms of liability the partnership shall be under the general partnership where all of the partners are liable jointly and severally with
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Bo Zhang EEE451 Case 4 Questions September 11‚ 2012 Case 4 THAIFOON RESTAURANT * Prepare a spreadsheet for the restaurateur to project his net profits. From exhibit 3‚ Thaifoon restaurant forecast that there would be 18 turns (5 lunch turns and 13 dinner turns) each week. And the owner planed to have 30 or fewer seats in order to meet the legal regulations and design. So it means there are 30 seats for each turn. Daily Turnover Ratio | | Lunch | Dinner | Revenue | $12
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Q1. State three most important aspects of law as related to business. Give your rationale as to why those are the most important. Ans. Business and law are interlinked to a large extent. It would not be possible to do business without law. There are some important aspects of law as related to business are given below. Organizational: Every organization needs a porichiti and it is known by a name which represent any business. Every organization has a name and it shows a distinction than
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JM Signature Restaurant Summary: • Successful restaurant owner plans to open new restaurant in entertainment district • He set a goal of $4M in revenue for first year of operations‚ which is said to be overly optimistic by his accountant. • Joshua has two choices: Should he open? And if he does what is the most appropriate marketing plan? • While there is considerable information about population‚ income levels‚ economic demographics‚ competition… the key here is to evaluate
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MARKETING ASPECT A. TARGET MARKET A target market represents the people who are most likely availing the services that the business has to offer. As for Head’s Up‚ their target markets are the young professionals‚ the students and the foreigners as well as the walk-ins. B. SERVICES OFFERED Head’s Up accommodates three groups of services. These are the following: BARBER SERVICES SALON SERVICES SPA SERVICES HAIRCUT TRIM SHAVE HAIRCUT/ HAIR TRIM HAIR COLOR COLOR STREAKS/
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1. Key Performance Indicators for Restaurants‚ Cafes‚ Catering‚ Clubs & Hotels http://www.profitablehospitality.com/public/88.cfm 1) Financial perspective * Reduce food loss 2) Internal business perspective * Follow preparation * Follow schedule * Teamwork * Job performance 3) Customer perspective * Challenge 4) Learning and growth perspective * HR development * Self- improvement * Employee’s performance was evaluated through observations
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Speciality restaurant with a 20 seat lounge. We focus on our New Italian menu with a touch of an Asian influence. The location of this new restaurant would be in the heart of the city‚ rapidly expanding‚ which is the hot spot for the niche youngsters‚ lot of businessmen‚ and also is the junction for the tourists.So‚ the main target market segment of this Speciality restaurant are those who has discretionary for niche youngsters.The combination of these elements will provide our restaurant with a year-round
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which affect revenue generation and profitability LO4 be able to use appraisal techniques to analyse and improve operational performance and make proposals for action 4.1 apply different performances measures and appraisal techniques to individual aspects of hospitality operations the product and the whole operations 4.2 determine the effectiveness of different quantitative and qualitative appraisal techniques and their application to hospitality operations 4.3 apply approaches to business analysis
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Chinese Dragon is a Chinese restaurant which locates in the Maple Grove‚ Minnesota. It’s a nice place to treat a friend good food and rest. In there‚ you will find a diversity of Chinese food and desserts in service. This essay will evaluate Chinese Dragon in two different aspects‚ the atmosphere and the food service. The first thing I want to draw attention to this restaurant is the good atmosphere.When you are walking in to the restaurant‚ the soft music you hear will make you relax. The warm
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