The Passion Food Catering Parties Lab Report Example | Topics and Well Written Essays - 750 words

The Passion Food Catering Parties - Lab Report Example In the events and parties that will be organized by this business, the serving of items will be carried out under strict supervision to ensure that the clients get the best services from the service provider. Passion Food will rent space for the office and kitchen in the same region where it will be located. Renting the kitchen and the offices will be done in the industrial areas of the town. This is done to ensure that the cost of the rent is kept as low as possible. Due to the fact that space will be used to prepare and store food, there is no need of having a store that is aesthetically pleasing or stores that are in a classy or nice neighborhood. Passion Food d projected to generate annual revenue of about $ 100000.This revenue is expected to rise after the first three years of operation after the business is able to cut a niche for itself in the catering industry. For every business that wants to get into the markets and succeed, it is very important that a market research is carried outlaw market research entails studying and evaluating the current market in order to fully understand the dynamics of the market. Market research provides the business with the much need information that it will require in order to be able to operate efficiently and to be able to match and even outdoor the competitors in the market. It is due to this reason that a market research is required before the Food Passion business is rolled out. The market research, in this case, is done for three major goals and reasons. First of all, the market research is will be carried out in order to understand the dynamics of the catering industry. With this understanding, the business will be able to determine the best-operating ways that will enhance its efficiency and profitability.