What are the factors that affect the restaurant business

what are the factors that affect the restaurant business? There are five factors that affect the regional economy, regional planning, cultural environment, consumer fashion and competition. As entrepreneurs, when entering the food and beverage industry, the need for these elements were investigated, and then go to shop, so more secure.

1. regional economy. What are the factors that affect the restaurant business? Food consumption is the payment of discretionary funds after people have enough funds to meet the basic needs of daily clothing, food, housing, travel and so on. The income level and the price level of an area can affect the amount of money available to people and the price they have to pay. Generally, when people’s income increases, people are willing to pay higher value products and services, especially in the quality and level of food consumption will be increased, therefore, the restaurant chain enterprises generally should choose in economic prosperity, rapid economic development of the region.

2. regional planning. What are the factors that affect the restaurant business? Before determining the restaurant chain, regional construction planning must consult the local relevant departments to understand and grasp the potential locations, which areas were planning is divided into commercial and cultural areas, tourist areas, transportation center, residential area, industrial zone, etc.. Because regional planning often involves building demolition and reconstruction, without understanding the selected chain enterprises blindly, in cost recovery before they encounter the demolition, the enterprise would suffer huge economic losses, or lose the original geographical advantage. At the same time, grasp the regional planning for us to determine the different types of business, according to the different regional types and operating specifications.

3. cultural environment. What are the factors that affect the restaurant business? Cultural education, ethnic customs, religious beliefs, social customs, social values and cultural atmosphere constitute the social and cultural environment of a region. These factors affect people’s consumption behavior and consumption patterns, and determine the direction of income distribution. Generally speaking, the cultural quality of the people, the food and beverage consumption environment, the level of the requirements of people with low cultural quality. Different cultural environment, the impact of the size and scale of chain management.

4. consumer fashion. What are the factors that affect the restaurant business? A period of fashion, often to a large extent affect consumer spending patterns and direction. With the enhancement of people’s consumption level, health concept, people pay more and more attention to the dining environment health food consumption, so the appearance of beautiful decoration, comfortable and clean restaurant chain is more and more accepted.

5. competitive landscape. What are the factors that affect the restaurant business? The competitive situation of a regional food and beverage industry can be divided into two different parts. One is to evaluate the direct competition, that is to provide the same kind of business projects, the same specifications and grades of catering enterprises may lead to competition, the catering enterprises recommended

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