Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Karen is considering opening a hospitality business after recognising that the restaurant industry does not offer any specific product for the seniors market

image text in transcribed
Question 1 Karen is considering opening a hospitality business after recognising that the restaurant industry does not offer any specific product for the seniors market -in particular, those aged over 65. Karen has identified that there is a segment within this age group that live alone and tend not to go out as they have no one to go out with. Karen's caf would provide a meeting place for seniors without companions. She intends to offer specific activities that bring people together such as board games, bingo mornings, trivia and card games. The menu will also offer a range of affordable items that are suited to this particular age group. a) Assuming Karen has been paying close attention to the external environment to come up with this idea, explain which environmental force you think has led Karen to think this opportunity is feasible (2 Marks) b) For each of the Political, Economic, Social and Technological environments, provide an example of one force (negative or positive) that may influence the success of Karen's business idea. ( 8 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Creating Value Along the Supply Chain

Authors: Roberta S. Russell, Bernard W. Taylor

7th Edition

9781118139523, 0470525908, 1118139526, 978-0470525906

More Books

Students also viewed these General Management questions

Question

4 What are the problems of extending the brand to new segments?

Answered: 1 week ago