Question
Cho*ose one coffee shop - local or national chain. The links below may help guide you with this selection. Please feel free to pick alternate
Cho*ose one coffee shop - local or national chain. The links below may help guide you with this selection. Please feel free to pick alternate coffee shops not referenced in the below links:
http://www.villagevoice.com/restaurants/the-10-best-coffee-shops-in-jersey-city-and-hoboken-6561978
https://www.usatoday.com/picture-gallery/travel/destinations/2014/06/13/top-20-coffee-shops-in-america/10473481/
Kindly help me to discuss and share the following via this discussion board:
1. What is the one product or service selected from your chosen company choice?
a. Help me explain your rationale for this selection and at least3 reasons for this section.
2. Who are your selected product/service's customers and what are its customers unique (heterogeneous needs)?
3. What is the price of your product/service you have selected (1 point)? Do you think you get value for money for based on what you pay?
4. Use the course concepts of the efficient frontier, Paretodominated, inefficientfirms as discussed in the textbook to explain your answer. For thisquestion, you will have to think about at least2-3 comparativefirms to arrive at your analysis.
5. What do you estimate is the likely customer's demand (you can assume one customer/you) per week/month/annual for your product/service? Provide your calculations for the estimate
Draw the demand/supply curve and price intersection for an annual demand/supply operations management scenario. (1 point) Explain the rationale and analysis of your annual demand.
6. What are the inconvenience factors, capabilities, and trade-offs? Explain your answer with at least 2-3 reasoning criteria for each. Leverage the course concepts covered, thecourse materials to help answer this question. (1 point)
7. What are the three system inhibitors? Leverage the course concepts covered in the textbook, course materials with respect to this question.
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