How have economic trends affected the restaurant industry?
Not what you're looking for?
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?
Purchase this Solution
Solution Summary
This solution discusses how some restaurants survive while others do not in a bad economy. This solution is 263 words.
Solution Preview
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 ...
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.