Local Restaurant Industry of Columbus

Here in the capital of Ohio, tabun / Muscogee County bowl, the restaurant exertion is a good deal like any other(a) across the country; they reconcile money by non only run into the customers sign needs which is sometimes fast-food on the go for the individual, or the strait-laced sit down meal for the family. Industry leading expend their status to gain and maintain advantages over their competitors at the other end of the spectrum. To better understand this and other happenings indoors the assiduity it is imperative to perform a Five Forces analysis of the industry. We forget grammatical construction at the menace of New Entrants, the holy terror of Substitutes, the dicker Power of Suppliers and Buyers, and finally the Rivalry within the restaurant industry of Columbus / Muscogee County. First though we will look in brief over some of the environmental selective information about this atomic number 18a concerning population, demographics, and the variety o f options available to the citizens here. Columbus, Georgia / Muscogee Facts Here in the Columbus / Muscogee bea the most recent check up on of the population was stainless in July 2007 with 187,046 total people nutrition here, of that number 90,617 ar male, while 95,674 argon female. The ethnic disruption is as fol petty(a)s etiolate Non-Hispanic 48.7%, Black 43.7%, Hispanic 4.5%, American Indian 0.8%, Korean 0.5%, separate Race or Multiracial are both 1.

9% respectively. average age of 32.6 years, 99% of the population gainfully employed, 75% are private wage or salary earning individuals, a normal household income $41,514, and an unemployment rate of 5.2%. The populate set of facts shows that on that point are many e! mf customers for the restaurant industry with the buying power, and there is room for similitude with the many ethnicities in the area, so restaurateurs should not fear arduous something new in hopes of meeting the customers needs. Threat of New Entrants This is very high since the barriers for opening a restaurant are first base here in Columbus / Muscogee County, be are low and there are plenty of locations to...If you need to get a full essay, order it on our website: OrderEssay.net

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