approximately 60% approximately 25%
$2,500$10,000 $12,500
The Shoe Hut Star’s Coffee and Teas
Star's Coffee and TeasThe Shoe Hut
Star’s Coffee and TeasThe Shoe Hut
The Shoe HutStar’s Coffee and Teas
excess supplyexcess demand
Based on the survey data, what can be concluded about the market for coffee shops in the area?
More coffee shops are needed.Saturation has been reached.
$1,500 $2,500$6,000
The Shoe HutStar's Coffee and Teas
Now, use your research to decide which business is the best choice for this community.Explain your choice in two to three sentences, using factual evidence to support your claim.
The Shoe Hut is the best business choice because the community has less competition for custom sporting goods, while survey data shows greater demand for these products than for additional coffee shops. It also requires less startup and maintenance capital because it needs less equipment, can operate in a rented building, and can initially be run with fewer employees.
[___]would have a larger potential customer base.
[___]
Based on the survey data, which business will most likely see higher consumer demand?[___]
[___]
The Shoe Hut will require about [___] for the first month of business.
[___] will require a less costly investment in labor.
Now, use your research to decide which business is the best choice for this community.Explain your choice in two to three sentences, using factual evidence to support your claim.
The Shoe Hut is the best choice because survey data shows greater demand for custom outdoor sporting goods than for more coffee shops, and there is less competition in that market. It also requires less capital to start and maintain, and I could run it on my own if I could not hire an employee right away.
The Shoe HutStar's Coffee and Teas
Did you find these answers helpful?