Swot Analysis Of Restaurant

1427 Words3 Pages

SWOT ANALYSIS OF CURRY ON FLAME RESTAURANT
STRENGTHS: Taste and quality of their food Experienced and well educated staff There venue of the restaurant since it’s the only one north and south Indian cuisine for the Indian communities living in the nearby Prices are very fair due to which it’s gaining popularity
WEAKNESSES: Very less staff Not properly organized seating arrangements small outlet doesn’t handle lot of guests
OPPORTUNITIES: NO COMPETITORS ( good time to gradually climb the ladder) Good time to build their …show more content…

Also known as the 4 P's of marketing, the mix includes an assessment of the roles your product, place or distribution, price and promotion play in your overall approach to marketing.
Product: The most important thing is your product. The success rate of your business totally depends on your product. If your product is good, then nothing to worry about. But if there is a compromise made in the quality of the product in any way, then don’t need to wait for the results as they are obvious. The customer’s buying habits are also a factor that influence the success rate of a product.
Price: Price is a factor which is very carefully needed to be set. It must be a value for money offer for customers to buy. It cannot be set higher than this, people may not buy and if it is set lower, than you will have to face the losses. At the same time there are many issues based on which a company determines the price and that is not limited just to the cost of manufacturing it. These other factors include the perceived value of the product in the customer's mind, the market share of the business, competition and even local tax regulations and distribution and logistic costs. Then there are issues such as seasonal fluctuations that also need to be

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