H And C Provision For Specific Requirements

Question 1

Advantages and disadvanatges of a resturant

Answer 1

Advantages:
+ Can attract a wide range of
customers
+ Can be very successful if situated in a good location and prices are
competitive

Disadvanrages:
- A lot of competition
- A poor location /facilities will limit success, e.g. limited parking, noisy area, building in poor condition
- Rent and business tax for premises reduce profit

Question 2

Advtanges and disadvanatges of a cafe

Answer 2

Advantages:
+ Can be very successful, especially
in tourist or busy areas

Disadvantages:
- Competition and location may limit success
• Rent and business tax for premises reduce profit earned

Question 3

Advanatges and disadvanateges of a takeaway

Answer 3

Advantages:
Fast turnover, so potentially can
make a good profit

Disadvantages:
- A lot of competition
- Rent and business tax for premises reduce profit

Question 4

What is a structured proposal

Answer 4

A structured proposal will be required by an organisation, e.g. a bank, who may be approached to provide a loan of money. start the business.

Question 5

What does a a structured proposal include

Answer 5

Summary of proposal,unique selling points,current trends,potential customers,competition,promotion plan,operation of the business and financial plan