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Market Survey Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is a market survey primarily focused on?

a)

Advertising strategies for foodservice

b)

Study of people and their foodservice needs

c)

Financial analysis of a business

d)

Menu design and development

2.

What are the two major customer priorities for foodservice in the 21st century?

a)

Quality and Variety

b)

Convenience and Time

c)

Health and Sustainability

d)

Price and Location

3.

Which of the following is NOT a preliminary step in preparing a market survey?

a)

Calculating desired profit

b)

Determining the community needs

c)

Establishing the style of foodservice operation

d)

Identifying the types of clientele

4.

What does 'disposable income' refer to?

a)

Income available for entertainment and luxury

b)

Total household income

c)

Income used for essential expenses

d)

Income after taxes

5.

Which factor is important for understanding customer preferences in a market survey?

a)

Food preferences

b)

Employee satisfaction

c)

Social media presence

d)

Supplier relationships

6.

What is the significance of understanding a market's ethnic background?

a)

To limit menu options

b)

To reduce competition

c)

To offer authentic national dishes

d)

To increase advertising costs

7.

What should be considered when analyzing the community for a market survey?

a)

Number of competitors only

b)

Only the number of families

c)

Availability of parking spaces

d)

Growth rate and public services

8.

Which of the following is a key element in lowering the risk of failure for a foodservice operation?

a)

High advertising budget

b)

Determining community needs

c)

Hiring a celebrity chef

d)

Offering discounts

9.

What does the term 'arrival patterns' refer to?

a)

The time customers prefer to dine out

b)

The types of food customers order

c)

The frequency of customer visits

d)

The demographics of customers

10.

Which generation is classified as Baby Boomers?

a)

2000 onwards

b)

1980 onwards

c)

1960 onwards

d)

1946 onwards

11.

What is a potential consequence of not measuring the return on investment?

a)

Better market understanding

b)

Costly errors for small companies

c)

Increased customer satisfaction

d)

Higher employee retention

12.

Which of the following is NOT a factor in determining the style of foodservice operation?

a)

Types of clientele

b)

Style of menu

c)

Desired profit

d)

Number of employees

13.

What role does education level play in market surveys?

a)

Higher education makes customers more receptive to new ideas

b)

It determines the pricing strategy

c)

It has no impact on food preferences

d)

Higher education leads to more traditional choices

14.

What is one of the first steps in preparing a market survey?

a)

Establishing the type of foodservice operation

b)

Conducting focus groups

c)

Creating a marketing plan

d)

Analyzing competitor strategies

15.

Why is it important to understand social habits in a market survey?

a)

To determine pricing strategies

b)

To identify potential locations

c)

To tailor entertainment offerings

d)

To reduce operational costs