Analysis Report: Balti Palace's London Branch Expansion Strategy
VerifiedAdded on 2023/03/20
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Report
AI Summary
This report focuses on the decision-making process for Balti Palace's potential expansion into London. It begins with an introduction emphasizing the importance of informed decision-making and the role of financial tools like NPV and IRR. The report's objective is to assess the feasibility of opening a new branch in London and to understand customer perspectives. It includes an analysis section with charts and graphs based on a customer survey, exploring aspects like customer frequency, preferences for food and ambiance, pricing satisfaction, desired cuisine additions, and optimal locations. A trend line analysis of sales and net profit from 2017 to 2020 is also presented. The report then formulates a formal recommendation to the management of Balti Palace, summarizing key findings from the research, which include positive customer feedback and a need for pricing policy adjustments. The conclusion highlights the value of market research in identifying issues and developing strategies. The report suggests that research is crucial for making informed decisions regarding expansion and improving business strategies. References from academic sources are also included.
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