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aivan3 [116]
3 years ago
13

1. Why is it important for a restaurant to identify a specific target market?

Business
1 answer:
san4es73 [151]3 years ago
5 0

Answer:

1. Why is it important for a restaurant to identify a specific target market?

  • Restaurants operate on a monopolistically competitive market, that means that a lot suppliers offer differentiated products to a lot of consumers. Therefore, it is important to identify your target market in order to know who you are going to cater in your menus, and marketing activities.

2. How has the Internet made restaurant marketing cheaper and more convenient?

  • Before restaurants used to print fliers and advertise on newspapers or other mass media outlets which is really expensive. Now with the internet, marketing activities (e.g. emails) are much cheaper and faster to carry out.

3. Why are specials and promotions such effective marketing tools in today's economy?

  •  Competition has increased a lot in the past in every single industry, including restaurants, since people worry more about how they spend there money and more information is available about the different prices of restaurant menus.

4. Explain the difference between primary market research and secondary market research.

  •  Primary market data is information a company obtains by itself through some type of research study, e.g. surveys, focus groups, etc. While secondary data is information obtained by other sources, e.g. census, world atlas, etc.

5. Explain why a public relations campaign is necessary.

  • Public relations campaigns are necessary in order to keep a positive and high reputation, so that the restaurant gets positive press. Bad things go viral instantly now, and it is really hard to deal with them.
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Answer:

a) If bribes cost $1,000 each, how much will a housing inspector make each year in bribes?

So, if the corrupt inspector approves two newly built structures each week, ti means that he is bribed twice per week. There are 52 weeks in a year, so he gets a total of 104 bribes (52 x 2). If each bribe costs $1,000, then he makes a total of: $1,000 x 104 = $104,000 in bribes per year.

c) Corrupt officials may have an incentive to reduce the provision of government services to help line their own pockets.

This statement is true. Corrupt officials will want to have private companies they can obtain bribes from provide government services. It increases the probability of them making money from bribes.

d) What if reducing the number of inspectors from 20 to 10 only increased the equilibrium bribe from $1,000 to $1,500?

Reducing the number of inspectors in hafl means that each inspector now gets twice the bribes. Because the equilibrium price did not double as did the quantity of bribes, each inspector will make less money than expected, but they will still the incentive to collect all the four bribes per week.

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3 years ago
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Frank's is a furniture store that is considering adding appliances to its offerings. Which one of the following is the best exam
alexandr402 [8]

Answer:

The correct answer is:

Selling furniture to appliance customers.

Explanation:

In this case, the company can take advantage of the fact that consumers who buy furniture for their homes are usually interested in the line of appliances. This is a very good strategy, because in this manner they will realize about the  need or desire at the same time this fact will have good consequences, so that they can make a single purchase and a single shipment, giving them the feeling of saving a lot leading them to Buy more in the store. Therefore, using this strategy the company will have more cash flow in this way.

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3 years ago
The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful to
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Dictionary of Occupational Titles

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The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.

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Full-time employees must have money deducted from their paychecks for
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The correct answer is C. Federal income tax

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The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

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