BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Qualitative data describes qualities or characteristics. It is collected using questionnaires, interviews, or observation, and frequently appears in narrative form. For example, it could be notes taken during a focus group on the quality of the food at Cafe Mac, or responses from an open-ended questionnaire.

Detailed explanation-2: -The types of restaurant patrons can vary depending upon who is going and what they are doing. Some are geared towards groups of people, such as families with children, singles or “empty nesters.” Others types of restaurant customers can be put in age groups, including seniors, young adults or college students.

Detailed explanation-3: -Customer perception is the opinions, feelings, and beliefs customers have about your brand.

Detailed explanation-4: -Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. These costs are easier to budget for when opening a restaurant because they don’t fluctuate much each month. Variable costs include food, hourly wages, and utilities.