Restaurants have a bad rap in the business world. Economist like to point out the high failure rate of new restaurants- estimates including two out of three restaurants close in the first year, or three out of four close in the first two years, and so on and so on. A major problem why \ new restaurants don’t make it past a few years is that owners and managers don’t know how to handle the day-to-day finances. Knowing how to manage cash flow, understanding a restaurant’s daily business review and
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ITS SETTING Background of the Study Davao del Norte - Punong Restaurant is one of the best restaurants found in Tagum City, Davao del Norte. With their delicious dishes and first class delicacies, you would certainly find time to go back and take a stroll to this dazzling restaurant where you will surely find satisfaction. Punong Restauant is located along the national highway, about 10km before reaching Tagum City proper. The restaurant is a Malay inspired: elevated on stilts, with pitched roof and
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Social Medias Impact on Consumer Behavior With today’s technology the use of social media has taken the world by storm, with millions of people able to rate, review and share opinions on products at the palm of their hands. The high usage of social media sites is creating a new medium for companies to communicate with consumers on a personal level they were not able to years ago. With the usage of smartphones sky rocketing consumers are now able give their “two cents” about products or services
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SynthesisThe Michelin Star with its goal of giving the restaurant its full potential to serve and satisfy diners, could have made an impact and perception to ‘accredited’ restaurants in Eastwood City, Libis, Quezon City. In order to gain a competitive advantage in the present market, restaurants should have to offer meal having a good value in fairness with the ambience or place. Service quality is an attitude or global judgment about the superiority of a service. To be globally competitive service
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location-based app that tells the user about hours, daily specials, promotions, and more for restaurants and bars in their area and also gives them the ability to call, make a reservation, and order take-out/delivery. It also allows the user to see and create reviews about a restaurant or bar they have recently visited on the app. The Product: Our app will open to a map that shows pins for restaurants and bars currently open in the user’s area and what they are serving. Upon signing up, the user
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(CMG) Company’s third quarter 2012 results lean on the positive side, however CMG’s announcement of food cost increase in near future which cause a decrease in same store sales, and some slowdown in the stock market. In my well thought opinion I will review possible solution for CMG to keep their mission of serving good quality food and using sustainable farming practices, while trying to compete in the market with their competitors and controlling their cost of food. I feel that CMG’s commitment is
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Abstract Wai-Ling is considering two big changes to his restaurant business. One is the possibility of adding a delivery service or to open a new unit a few blocks away from the current restaurant (Rao, 2004). Wai-Ling has a variety of challenges with both of these options; marketing, operational issues, inventory, and financial concerns. I recommended that Wai-Ling starts a delivery service because he would have quicker return on his investment without much capital needed for start-up. Also Mongol
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Industry Analysis The restaurant industry is considerably large and sometimes hard to get exact numbers. There are many categories of restaurants so I outlined Services sector and the restaurant industry . The nation's 985,000 restaurants should hit $776 billion in sales in 2010. Restaurants employ 13.2 million, this is 8.5% of the workforce in the United States, and the industry is the largest employer besides government. These numbers include single owner restaurants to the largest franchises
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Table of Contents EXECUTIVE SUMMARY 1 Introduction/Statement of Purpose ................................................................................................... 1 COMPANY DESCRIPTION 3 Location ............................................................................................................................................... 3 Capitalization ......................................................................................................................
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new cloud-based web application designed to help consumers find restaurants in their areas with the shortest waiting lines. With this app, people will be able to view real time information about certain restaurants that they wish to go to on that night (location, waiting time, how many reservations ahead of their party). It will be able to tell exactly how long the wait is for groups of various sizes, as if they arrived at the restaurant right then, and will be able to navigate customers right to their
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