Impact of Economy on Restaurant Industry
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Consider the restaurant industry and explain how recent, current , and forecasted economic trends have affected the industry's attractiveness. What firms have existed the industry? What firms have entered or increased investment in the industry?
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Solution Summary
This is an overview about the growth of the restaurant industry.
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The restaurant industry is expected to grow slowly as consumers continue to seek out value. The slow amount of growth when adjusted for inflation is about flat (National Restaurant Association, 2010). With the economy suffering this flat-line level is actually somewhat optimistic compared with other industries. Darden Restaurants which include the brands of the Olive Garden, Red Lobster, and Longhorn Steakhouse are making a move ...
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