Consider the restaurant industry and explain how recent, current, and forecasted economic trends have affected the industry's attractiveness.
What firms have exited the industry?
What firms have entered or increased investment in the industry?
The current economic recession has contributed has hit many businesses hard, causing a decline in profits.
Most businesses can barely break even. Some operate at a lost and has resorted to loans to support operational cost, with the hope that the recession will be over soon.
Unemployment is at an average of 10% in most states.
Inflation has risen by 0.8%
One of the hardest hit industries is ...
This solution discusses how some restaurants survive while others do not in a bad economy. This solution is 263 words.