Sander’s Sandwiches Restaurant’s will be using aggressive cost management process to adapt to changing economy effects in the local community, while developing the marketing strategies to attract an existing customer base away from competitors. Ms. Sanders accounting background will assist the company in keeping preparation costs low applying proper purchasing, preparation and food handling techniques to keep food costs down.
Staff and servers will be trained on food techniques, customer service and proper restaurant mannerisms ensuring repeat customers.
The initial marketing analysis shows the potential prospect for the company to develop methods of managing profitable pricing for food services to support the planned growth, maintaining a
My chosen firm is Odoba Mexican Grill and it produces quality meals that aggressive prices. In other words, the aim of the restaurant is to offer wide variety of competitively priced meal choices. Price and quality are two important factors in the success of any food business. If prices go up too much or quality decreased significantly, the demand will go down. But another very important factor is income. With changes in income, demand can see a negative change. If income comes down for regular customers, they will cut down the quantity demanded. This means that regular customers who were frequently going for meals at the restaurant might choose to go less often or order smaller meals or low priced alternatives.
Submitted By: Sahil Bhambri (12 DCP-097) Saksham Sharma (12 DCP-098) Sandeep Bedi (12 DCP-100) Sawan Gupta (12 DCP-104) Tanuj Arora (12 DCP-117) Abhishel Bansal (12 DCP-134)
Kudler is planning to have an annual revenue increase by 5% within 12 months breaking it down to four categories. A quarter percent gain is anticipated in the projects launch as well as the training of employees’. Profits will increase by a half of a percent during the assessment and alteration of the project with the promotion of the Frequent Shopper Program taking place at this time as well. In each phase of the development customer satisfaction will increase so will revenue, which will lead to an overall increase of 4.75% (Kudler Fine Foods. (2004). Apollo.).
The topic being researched is how Kudler Fine Foods can improve the success of the business by preparing for possible competition, and streamlining expansion procedures. The sources used are the Kudler Fine Foods Strategic Plan, and The University of Phoenix online databases. Findings suggest that implementing a research and market analysis plan, as well as an effective risk management plan will ensure successful expansion and growth of Kudler Fine Foods. A risk management plan and market analysis of new locations, will allow Kudler to acknowledge potential problems and pre pare for them. The following is a problem statement explaining what is currently wrong with Kudlers plans on expansion, and how they can improve these
Kudler Fine Foods is the brain child of Kathy Kudler. She envisioned a one stop gourmet food store and has grown to three locations to date. She continues to maintain direct control over large bulk purchase order items, stringent customer service policies, and hiring. This paper discusses how the organization competes in the marketplace and the strengths and weaknesses of the company according to the marketing surveys their customers completed. The following also discusses which market structure best applies to the organization and how that structure positively and negatively affects the firm, how the effectiveness of the competitive strategies in the market structure affect the
The analysis will apply important microeconomic concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization, which affect its long-term profitability. The analysis will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material to evaluate the organization’s competitiveness in the marketplace, including its customers’ views. The analysis will identify the market structure that best applies to the organization, and assess how the
Nevertheless, the majority of customers are very satisfied with the amount of serving along with the quality of their meal as well as the price paid. The strategy of being a low priced high value added has seen problems due to lack of customers which is affecting the bottom line drastically. This inevitable circumstance has put a hold on operations and started an investigation upon various neighboring competitors and their own strategies.
I will explain menu pricing and I will present you, a short marketing video as an example.
The sandwich shop does not clearly identify a SWOT analysis. However, from reading the business plan, you can pull out several examples of what their strengths, weaknesses, opportunities and threats are. A strength that Sub Shop has is that. The Franchisor will provide them with the necessary supplies for day to day operations. Another strength is that the Quick service restaurants industry represents two-thirds of all sales.It is estimated to reach 15 billion dollars in 2010. The franchise that they are buying into in is a well-established chain that has been open for a long time and is very profitable. The final strength is that they will be hiring college students as employees not just because they will be part-time and don’t have to pay
With the same program budget level of USD 500,000 (used in alternative-1) First in Show Pet Foods, inc. can charge its retail consumers a price of $12.77/ case. Within this promotional budget, there will be one short television commercial, same number of newspaper and magazine insertions as alternative-1. Presently the retail price First in Show Pet Foods can charge to its consumers come to $12.77 per case i.e. $0.07/oz (Exhibit 2). The company should market the product at this price to a larger target consumer base by differentiating on the basis of cost.
This is because, when the condition of the current market is not doing well, some strategy in considering the increase in the foods price, introducing a new dish should be limited due to the less or limited spending of the customers. The best option to secure and have a constant business growth during these time is to have more promotions and value set meal to attract the customers.
Service: Employees were trained in skills to both interact with customers and create the refreshments.
Short-Term: To build and maintain sales in the current catering market it serves while controlling its sales and marketing overheads
Staff developing is vital for restaurants to run smoothly. A restaurant is composed of two sectors; a Front of House (FOH) and theirs a Back of House (BOH). The front of the house is what is visible to the
We would like to include a new service for the customers. Breakfast is important for human. However, we decide a set for the customers. If a customer buys a drink, then he/she wants a cake or sandwich. It will be have a discount for 50%off. It is a market penetration. We would like to make some discount to attract customer. The target market for this new product is every customer. It is because everyone will buy food and drinks. It is a reasonable price for public.