Fast Food Business Plan

Fast Food Business Plan

Question 1: Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice would probably be a

A. Fast-food franchise.

B. Legal research service.

C. Restaurant.

D. Riding stable

Question 2: Now that you've chosen your business and found your niche, you're in need of some advice on the practical aspects of setting up the business. A reliable resource for business information is

A. The Small Business Administration

B. Web sites offering free legal advice.

C. A friend who has a business.

D. Online business chat rooms.

Question 3: Once you've chosen your business and focused on your niche, the next step

A. Establishes a Web presence.

B. Researches the amount of capital you'll need.

C. Research the best location for your shop

D. Writes your business plan.

Question 4: Ben and Alison have decided to turn their large farmhouse into a bed-and-breakfast business. One of the benefits they're likely to enjoy is

A. Relaxing days at home.

8. Keeping their day jobs.

C. A profit margin of 15—20 percent.

D. High ratings by national organizations.

Question 5: Amy, Jan, and Beth have decided to combine their talents in one of the benefits they'll have over a sole ownership

A. Less paperwork.

B. Greater individual authority

C. Shared resources.

D. Less personal financial liability.

Question 6: Steve Burton recently sold the bookstore he inherited from his mother because his income had fallen three years in a row. The new owner installed a coffee machine, redecorated the children's corner, chats with her customers, and remembers their preferences. She reports a 43 percent increase in sales over Steve's last year. The change is most likely due to

A. The owner's personality.

B. A general upswing in the retail book business.

C. Beginner's luck.

D. More advertising.

Question 7: The servers at Gerry Frasier's busy ice cream shop decided that puffing mere ice cream in the sundaes and cones would bring back more customers. After three months, Gerry was surprised to discover that his profit had

A. increased by more than 10 percent.

B. literally been “eaten up:'

C. increased, although sales had dropped.

D. dropped, along with his costs.

Question 8: Your beachside inn will be ...