Test market demand for a café business. Survey customers representing market groups and record their preferences for menu items, opening hours, look and feel. Identify the business choices most likely to succeed. For example, open a bright and funky café at dinner time serving omelettes, muffins and stir-fry dishes. Look closely at sales figures and make adjustments. This learning object is the second in a series of three objects that progressively increase in difficulty.
Students analyse market research evidence to identify profitable trading hours, ambience and menu items.
Students explore how retail profitability is related to customer demand.
Encourages students to examine business outcomes and adapt business ideas.
Highlights the significance of market research when running a business.
Supports repeated testing of ideas and an iterative approach to business modelling.
8; 9
Competition (Economics) Consumer behaviour Business Market research Restaurants Sales Supply and demand
Studies of society and environment
Studies of society and environment/Resources
Analysis Application Comprehension Knowledge
Analysis Data manipulation and interpretation Experiment Interactives Modelling
Experiential learning Independent learning Problem solving Visual learning
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