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3 years ago

What is a pestle analysis for an escape room

Business

1 answer:

Irina-Kira [14]3 years ago

7 0

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

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Alex_Xolod [135]

Answer: $1.53776

Explanation:

Using the interest rate parity formula :

Forward currency exchange rate (F) = 1.50

SPOT rate (S) =?

Interest rate on domestic currency (Id) = 1%

Interest rate on foreign currency (If) = 1.5%

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S = F × (1 + If) ÷ (1 + Id)

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S = (1.50 × 1.015) ÷1.01

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3 years ago

What business partnership started by selling watches by mail?

SOVA2 [1]

The business partnership of Richard Warren Sears and Alvah Curtis Roebuck in which it formed their company named "Sears" was one of the largest department store chain in the US. Their humble beginning had started when they began selling watches through the use of mail only.

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4 years ago

During its first year of operation Mazer Manufacturing Company produced 4,500 units of inventory and sold 2,050 units. Mazer inc

const2013 [10]

Answer:

Gross profit= $7,585

Explanation:

Giving the following information:

Units produced= 4,500 units

Units sold= 2,050 units.

Unitary variable cost= $3.5 per unit

Fixed manufacturing overhead= $5,850

The sales price of the products was $8.5 per unit.

Under the absorption costing method, the fixed manufacturing overhead is part of the product cost. Therefore, the units remaining in inventory have fixed costs incorporated.

Unitary cost= 3.5 + 5,850/4,500= $4.8

Sales= 2,050*8.5= 17,425

Cost of goods sold= 2,050*4.8= (9,840)

Gross profit= $7,585

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4 years ago

Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked to to analyze two proposed capita

elena55 [62]

Answer:

Explanation:

Cost of Capital 12%

Project X

Year 0 1 2 3 4

Cah flow (10000) 6500 3000 3000 1000

Discount Factor 12% 1 0.8929 0.7972 0.7118 0.6355

Present Value (10000) 5804 2392 2135 636

Net Present Value 2.85 years

Net Present Value 966

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000) 5909 2479 2254 683

Net Present Value 1325

IRR = Lower rate + $\frac{Lower rate NPV}{Lower rate NPV - Higher rate NPV}$ ( higher rate - lower rate)

IRR = 0.10 + $\frac{1325}{1325 - 966}$ (0.12-0.10) = 17.38%

Project Y

Year 0 1 2 3 4

Cash flow (10000) 3000 3000 3000 3000

Discount Factor 1 0.8929 0.7972 0.7118 0.6355

Present Value (10000) 2679 2392 2135 1907

Payback Above 4 years

Net Present Value (888)

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000) 2727 2479 2254 2049

Net Present Value (490)

IRR = Lower rate + ( higher rate - lower rate)

IRR = 0.10 + $\frac{-490}{-490 -(-888)}$ (0.12-0.10) = 7.54%

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3 years ago

Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine hours. At the

g100num [7]

Answer:

Predetermined overhead rate is $30

Explanation:

1- Predetermined Overhead rate is :

Budgeted Factory Overhead / Budgeted Machine hours

$1,980,000 / 66,000 hours = $30 per machine hour.

The predetermined overhead rate is estimated by company management for the per unit overhead. In this case the machine hours are used as cost driver and the estimated overhead is divided by machine hours to identify overhead cost per machine hour.

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3 years ago