Need help making sure I have the correct answers. The first picture is the information to answer the next 5 pictures.
Belleve it or not. pizza, long an American food staple, has been losing popularity since 2000. Shifts in lifestyles and eating habits have influenced the downturn and are also influencing its reinvention. Review the three segments of the case and write your responses as instructed. No matter how you define small business, one fact is clear: Small businesses are vital to the soundness of the American economy. Small firms are also important as exporters, representing 97.5 percent of U.S. exporters of goods and contributing 31 percent of the value of exported goods. In addition, small businesses are largely responsible for fueling job creation and innovation. With their small size comes the flexibility to adapt to changing market demands. Read the case below and answer the questions which follow Part I: Belleve it or not, pizza, long an American food staple, has been losing popularity since 2000. A major contributor to the decline is America's growing interest in health. Those who fear fat don't want the cheese, oils, or the high-fat meats Many pizzerlas are moving away from fancy ingredients and large-sized pizzas and returning to the basics -focusing on quality ingredients rather than unique, abundant toppings- in order to present pizza as a pure, healthy meal. Along this line, restaurants such as American Flatbread don't even call their offerings pizza - it is referred to as flatbread and is made with organic flour and organic tomatoes. The company also uses only locally made mozzarella cheese and local meat Part Il: Taking another approach, Papa John's Pizza and Happy Joe's Pizza, two large chains, are working to open a nevw pizza market. Both companies have launched breakfast pizzas at test locations. Breakfast pizzas are topped not with typical pizza ingredients but with scrambled eggs, bacon, and other breakfast fare. With pizza sales limping along and the most sales occurring after 4 p.m., these chains see what they call Omelet Pizzas as an opportunity to hook an entire group of customers. Papa John's is currently testing Omelet Pizzas in downtown locations and focusing on corporate customers. Everyone agrees that selling breakfast pizzas will take time, but they feel it's worth a try Part IlI: Entrepreneurs interested in breaking into the casual dining restaurant industry should take a look at the artisanal pizza. Casual dining chains have been experiencing customer growth of about 8 percent annually- a highlight in the restaurant world right now. For an entrepreneur looking to launch a restaurant, pizza is a cost-effective choice. According to Dave Ostrander, a pizzeria consultant, the cost of pizza ingredients can easily be less than 25 percent of the menu price, allowing for a decent profit. Entrepreneurs already involved in the pizza industry are looking toward expansion - a possible indication that the downturn in the pizza market is about to shift Which of the following does NOT represent a reason that the pizza business is a new opportunity for entrepreneurs? Multiple Choice As pizza continues to rise in popularity, entrepreneurs can open more stores Customer preferences are changing, thus entrepreneurs can try to create products to meet those preferences Pizza is traditionally a noon and evening meal, entrepreneurs can also try to capture the breakfast market Pizza is traditionally perceived as unhealthy, entrepreneurs can change that perception by making healthy pizza Casual dining chains are growing in popularity, and can rely on pizza to be a profitable item on the menu 2 Papa John's strategy to pursue breakfast pizza is an example of t 2 of 5 Multiple Choice Intrapreneurship ts ferences Entrepreneurship Management Franchising Undercapitalization Darren is preparing to graduate college and has dreams of opening a pizza chain focused on healthy ingredients. Darren has no money, few possessions, ittle credit, and does not have family members in a position to loan him money. Darren should try to fund his business through: nole Choice Venture capitalists Equity financing based on his own assets Equity financing from family members Debt financing Putting up personal collateral Darren decides to start his pizza business by purchasing a franchise from a larger chain. Which of the followling is NOT an advantage Darren will likely experience? Multiple Choice Darren wil have the freedom to create his own pizza style Darren will have access to national and local advertising programs Darren will have access to management training and support Darren will be given standardized quality of goods Darren can take advantage of centralized buying power The case descri bes a shift in customer preference towards healthier and local options. This represents which of the following changing trends? Multiple Choice Demographic Economic Political
