Question
You and two partners are thinking about writing a business plan for a large restaurant in your local community. Each of you can invest $25,000
You and two partners are thinking about writing a business plan for a large restaurant in
your local community. Each of you can invest $25,000 in the venture and with a solid
business plan you hope to secure an additional investment of $450,000 in the form of a
bank loan. You and your partners have little experience in the food industry beyond
serving meals or eating in restaurants. But after reading this chapter, you know a little bit
about more about how you will manage it. (Total marks /14)
1. Decide what activities and tasks the three levels of management should be
responsible for in the restaurant. Support your answer with an example for each level.
(6 marks)
2. How should you and your partners go about (a) planning, (b) organizing, (c) leading,
and (d) controlling resources effectively in opening a new restaurant? Support your
answer with an example for each function. (8 marks)
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