Question
1. After years of serving highly sought-after Italian fare to Leslievillers and Midtowners, Mark Bacci, owner of Lil' Baci, Queen Street, East and Lil' Baci
1. After years of serving highly sought-after Italian fare to Leslievillers and Midtowners, Mark Bacci, owner of Lil' Baci, Queen Street, East and Lil' Baci Taverna, Yonge and Eglinton, closed his restaurants 2018 -- shortly after the Province of Ontario increased the minimum hourly wage from $11.40 to $14.00. Despite having removed 16 low-margin dishes from the menu, Bacci cited higher costs as the reason for closing his restaurants. List two other tactics that Bacci could have implemented that could have averted closure of his restaurants (2 pts) Conjecture underlying factors (i.e., before wage increase legislation took effect January 1, 2018) that may have contrbuted to the demise of Bacc's restaurants (3 pts)
2. Kaelan Watson is a GBC business student who's passionate about eating healthily because she's also a member of Canada's National Field Hockey Team. Kaelan prefers breakfast sandwiches because they're easy to make, cost-effective and can be eaten on the go. Kaelan wants to produce and sell bulk quantities of breakfast sandwiches to caterers and wholesale firms in Toronto downtown area. Kaelan's knows that there are three ways to enter a market with her breakfast sandwiches, but she's unsure which would be best way for her. Based on our lesson on Ch 3, explain which method you recommend that Kaelan use to enter Toronto's competitive downtown market.
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