This study focuses on the aims, objectives, SWOT analysis, and marketing mix of 7 Spices Restaurant. It provides insights into the background, vision, mission, strengths, weaknesses, opportunities, and threats of the restaurant. The study also discusses the segmentation, targeting, positioning, and marketing mix of the restaurant.
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7 spices restaurant MARKETING MIX Product Balti Hut posses’ wide product line that is classified into two broad categories vegetarian and non-vegetarian. Price Balti Hut follows flexible pricing strategy for certain food items that helps company to meet customer’s objectives. Place It is available in the centre market that causes it become easier to attract large number of customers from wide variety food products. Promotion Balti Hut follows both type promotional channels i.e. traditional and online to promote it’s brand image in the business market. Conclusion Restaurant has immense opportunity to grow its business by opening more stores at different locations so that customers do not have to travel long. Financial opportunities Management of 7 Species Restaurant can collect funds from different banking institutions and angel investors. Background:The7spicesrestaurantisintendedtoservethemost traditional and well known Indian food items. This restaurant will attract customers from different various background to taste the most authentic Indian food items at one place. REFERENCES Thabit, T. and Raewf, M., 2018. The evaluation of marketing mix elements: A case study.International Journal of Social Sciences & Educational Studies.4(4). Aim To provide a fresh and comfortable place for the guests and the staff. By maintaining these aims will help in assuring fair profit that will allow us to contribute to the society as a whole. Objectives To achieve high level of customer satisfaction and to serve quality food and achieve higher revenue To acquire larger customers base by offering quality food and services. Background This study is based onThe 7 spices restaurant, which focuses on providing customers with an amazing dining experience. SWOT Analysis Strength Ability to sell the product online High visible website Limited start up risk Good ventilation system Weakness No R&D sector to research on product and customer satisfaction Poor relationship with the employees and the customers Opportunities Affiliate relationship with related vendors and suppliers Increase delivery service Introduce new food items Threats Increase in the price of the raw materials and inputs can cause rise in the product prices Competitors offering similar products at the lower price Marketing mix Product:7spices restaurant would be provide wide range of food products from vegetarian to non-vegetarian and drinks along with huge variety in the same. Price:The price of the product will be placed reasonably lower as compared to the competitors. Place:The 7spices restaurant will be located at the most busy and crowded place. Promotion:The best way to promote the restaurant is to engage into television, pamphlets, radio along with social media advertising for creating awareness among the consumers about the new restaurants. There are large number of users on social media which made it the most reasonable and effective mode of promotion. Financial opportunities Banking finance is a safer technique to generate funds for different financial needs of the restaurants. CONCLUSION The 7 spices restaurant’s intention to provide quality service to its customers through its wide range and variety food products will be a success. As it has the strength of its experienced staff and the good ambience, which will create an atmosphere for the customers to relax and have their favourite, food items at peace. REFERENCES Gürel, E. and Tat, M., 2017. SWOT analysis: a theoretical review.Journal of International Social Research.10(51). McDonald, M. and Wilson, H., 2016.Marketing Plans: How to prepare them, how to profit from them. John Wiley & Sons. Introduction This poster states about the various factors that need to be considered by the firm for a successful implementation of business plan. It covers SWOT analysis and marketing mix of the restaurant. Vision:The main vision of 7spices restaurant is to provide high quality food experience to its customers. Mission: The missionis to increase its brand in such a way that when it comes to food, the 7spices restaurant comes in the mind of customers. Aim: The aim of 7spices restaurant is to provide at fair price the most nutritional and well-prepared meals using high quality ingredients. Objective: To maximize productivity and profitability by offering quality products and services to the customers. SWOT ANALYSIS Strength Well trained and experienced staff. Take away option for customers Ability to sell the product online Weakness High transportation costs Limited flexibility in pricing the products Opportunities Continue business expansion through online portal Ability to open additional stores Threats Changes in the regulations might impact the business Departure of skilled and experienced employees STP Analysis Segmentation The restaurant’s segment market will be people of all age group and income level. Targeting Thetargetcustomergroupwillbeyoungergeneration including middle and upper class people. Positioning Restaurant will position its services in the mind of target audiences by placing emphasis on hygiene and quality aspects.