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Report on Nature of Restaurant Business

   

Added on  2020-06-03

9 Pages1912 Words49 Views
EFFECTIVENESS OFBUSINESS WORLD

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1a. Nature of Business..................................................................................................................1b. Advantages and disadvantages of owning a business.............................................................1c. Advantage of PESTLE in planning new start-up....................................................................2TASK 2............................................................................................................................................2a. Impact of globalisation on restaurant business........................................................................2b. Technology that can be used to improve business operations................................................3TASK 3............................................................................................................................................3a. Most likely customers of business..........................................................................................3b. Ways to attract more customers..............................................................................................4TASK 4............................................................................................................................................4a. Importance and role of ethical business..................................................................................4b. How to treat staff Ethically.....................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7

INTRODUCTIONDoing a business is not an easy task as it is been assumed. Environment of a businesshave a significant impact on the growth and performance of a business. The most growingbusiness nowadays is restaurant business and so the present report is focused on the nature ofrestaurant business and how one can improve its business using technology and other factors.Report also provides advantages and disadvantages of owning a business. TASK 1a. Nature of BusinessRestaurant business is a service providing business that have to adhere to various lawslike food and safety etc. It is a business where products as well as intangible services likecooking is sold to the customers. Income of restaurant business is raised from the food servicesthat is provided to customers. Basically it is an industry of food service. Objective of thebusiness would be providing best and healthy food to the customers with the mission of growingfast in the food service industry by providing the best quality food with the best quality services.The most two important factors in the restaurant business is availability of raw material alongwith the skills of cooking (Sekaran, U. and Bougie, R., 2016.). Business would be unsuccessful ifthere would be lack of any of the factor.b. Advantages and disadvantages of owning a businessFollowing are the advantages of owning a business:Owner has a total control on the activities of his business and is responsible to take finalmanagement decisions.Growth or setback of business, both are in the hands of owner as it depends upon thecapability of owner.Working hours can be managed as per the convenience.Owning a business gives opportunity to do what you enjoy. Working for passion helps inbatter handling a business (Advantages and disadvantages of owning a business, 2017).Following are the disadvantages of owning a business:1

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