Group Presentation
Group Presentation
Group Presentation
V. OBJECTIVES:
Statement of Problem
The purpose of the study is to determine the feasibility of opening a fast food
restaurant in Jinyang Road, Wuhou District, Chengdu, China. Data will be collected
through observational research method and through a survey distributed to potential
customers in Chengdu, China.
Research Objectives
The following questions will be answered after the completion of the research:
1) What area can be identified as the market area of the proposed restaurant?
2) What is the customer profile of the market area of the restaurant, such as
population size, consumer spending patterns and average household income, etc?
3) Who are the competitors of the proposed restaurant and how are they doing?
4) Which of the chosen locations is the most desirable one based on restaurant site
selection guidelines?
5) Will the proposed restaurant be able to gain profit with the proposed pricing,
operation hours, the estimated restaurant turnover rate, and estimated controllable and
uncontrollable expenses?