When it occurs, it is expected that buyers will switch to alternatives in case of price increases.

(a)  

is an agreement in which two or more persons combine their resources in a business with a view to making a profit.

(a)  

• Intensifying competition from established chain restaurants

• Uncertain economic environment

Are types of?

(a)  

Two types of partnership

(a)  

When investors see that a market is profitable, they will desire to join the bandwagon and get a share of the profits

(a)  

It is a legal entity that is separate from its owners, the shareholders.

(a)  

• Higher costs than comparable chain restaurants

• Single location means limited reach

• Modest advertising budget

• Not currently using food delivery apps/technology

Are types of?

(a)  

This factor is about the resources and experiences readily available to the business proponent.

(a)  

an entity organized by people with similar needs to provide themselves with goods or services or to jointly use available resources to improve their income.

(a)  

SWOT stands for?

(a)  

this refers to the number of sellers and buyers in the market

(a)  

It is an analytical framework that can help identify the business risks and rewards.

(a)  

refer to inherent features of the industry and various means devised in the market to prevent the entry of potential players and competitors that want to take advantage of the enormous profit

(a)  

This factors is about those that affect a company, an organization, an individual and those outside their control.

(a)  

this factor refers to the ability of a business firm to create a market niche through several means of varying it’s products and services.

(a)  

These are types of what?

•Excellent, well-trafficked location

• Good reputation among localcommunity

• Seasonal menu, locally sourced

(a)  

this element refers to the unevenness in the distribution of information among the actors in market

(a)  

the ability of any actor or group of actors in the market to significantly influence the price in the market and the quantity to be produced or sold.

(a)  

What is the term used to describe a supplier's ability to drive up prices due to their control over the supply of an essential input, often resulting from a limited number of suppliers?

(a)  

What is the term used to describe a buyer's ability to drive prices down due to their limited numbers, giving them greater control over the purchasing process?

(a)  

• Growing interest in/support for locally sourced ingredients

• Seasonal menu keeps things fresh and interesting

Are kinds of?

(a)  

If competitors are numerous and offer basically similar products and services, the market will be less attractive

(a)