Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

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

Management

Authors: Chuck Williams

4th Edition

978-0324316797, 0324316798

More Books

Students also viewed these General Management questions