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Different Opportunities for the Business - Essay Example

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The paper "Different Opportunities for the Business" states that restaurants offer opportunities for businesses that are highly profitable. People have always been fond of food, still are, and will continue to be irrespective of technological, social, or any other advances…
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Different Opportunities for the Business
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Extract of sample "Different Opportunities for the Business"

To make the most out of a restaurant business and make a name in the industry, it is advisable for new entrepreneurs contemplating establishing their businesses in the food industry to conduct a detailed study of the success stories of the past.
To facilitate them with this process as well as to make an original contribution to literature, this paper discusses what criteria a budding restaurant needs to meet to set foot and expand in the highly challenging and competitive contemporary food industry. This paper uses Porter’s Five Forces model to examine a restaurant’s competitive environment. Taking McDonald’s as a case study, this paper discusses the threats and opportunities an expanding restaurant faces today and the advantages and disadvantages associated with its strategic moves. McDonald’s is one of the most successful fast-food chains of all time. Read More
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