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The market conditions and competitions of food and beverage sector in Sydney: A study on Jembo restaurant & Cafe

   

Added on  2020-06-05

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LITERATURE REVIEW(“To analyse the market condition and competitors of food and beveragesector to successfully setup a new restaurant in Sydney: A study onJembo restaurant & Cafe” )
The market conditions and competitions of food and beverage sector in Sydney: A study on Jembo restaurant & Cafe_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1AIM..................................................................................................................................................1LITERATURE REVIEW................................................................................................................1Market condition of food and beverage sector in Sydney......................................................1Market leaders and main competitors.....................................................................................2Factors needed to be considered by new restaurant...............................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
The market conditions and competitions of food and beverage sector in Sydney: A study on Jembo restaurant & Cafe_2

INTRODUCTIONCurrent study will review literatures of other authors in order to identify market conditionand competitors in the food industry of Sydney so that new entity can successfully establish itsbusiness in Sydney. Study will critically evaluate the different articles on this topic. AIM“To analyse the market condition and competitors of food and beverage sector to successfullysetup a new restaurant in Sydney: A study on Jembo restaurant & Cafe” ObjectivesTo investigate market condition of Food and beverage sector in SydneyTo identify market leaders and main competitors in food and beverage industry ofSydneyTo determine factors needed to be considered by new restaurant to successfully enter intothe marketTo find ways through which new Jembo restaurant & Cafe can successfully establish itsbusiness in SydneyLITERATURE REVIEWMain conceptsMiglietta, Battisti and Campanella, (2017) study explains that innovation and valuemaximization supports new restaurant business to enter into the new market and establish theirbusiness successfully. The study pays attention on innovation practices that are used by othercompetitors can support entities in entering into the new market. Rrestaurant business has long-term success history. Over a period of time, food and beverage industry has grown well. Thissector highly contributes in the development of nation to a great extent. Though this industry isexperiencing high competition in the market, now, it is providing quality services to consumersthat help firms in enhancing satisfaction level of consumers and retaining them in organizationfor longer duration. Food and beverage industry highly depends upon the tourism business. Thishas given new growth to the firms. Market analysis of industry helps in identifyingattractiveness of market. This reflects evolving opportunities and threats for the new business.1
The market conditions and competitions of food and beverage sector in Sydney: A study on Jembo restaurant & Cafe_3

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