Question
Conduct research on the effect of Covid-19 on Ruths Chris Steakhouse franchised restaurant, including all the following details, using reputable sources such NY Times, Washington
Conduct research on the effect of Covid-19 on Ruths Chris Steakhouse franchised restaurant, including all the following details, using reputable sources such NY Times, Washington Post, Bloomberg News, National Restaurant Association etc. to compile the research for their presentation. The research should also include the following:
The type of establishment (theme, dcor, size, market, menu type, etc.)
History of the franchised restaurant
Franchise fees and other investment amounts required.
Describe the level of service and price point- based on research.
Describe some of the challenges faced by the franchise, employers, and employees (respectively).
Describe the impacts on restaurants because of Covid-19
Explain how the restaurant has responded/managed the situation
Explain how you might improve the situation, especially as the virus becomes contained and the economy begins to recover.
The presentation must include suggestions to improve and maintain ideas/ strategies to optimize revenue (sales) and increase ROI% (profit).
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