✔ Star's Coffee and TeasThe Shoe Hut
Star’s Coffee and Teas✔ The Shoe Hut
✔ The Shoe Hut Star’s Coffee and Teas
✔ approximately 60% approximately 25%
✔ The Shoe HutStar’s Coffee and Teas
More coffee shops are needed.✔ Saturation has been reached.
$1,500 $2,500✔ $6,000
✔ The Shoe HutStar's Coffee and Teas
Now, use your research to decide which business is the best choice for this community.Explain your choice in two to three sentences, using factual evidence to support your claim.
The Shoe Hut is the best business choice because the community has less competition for custom sporting goods, while survey data shows greater demand for these products than for additional coffee shops. It also requires less startup and maintenance capital because it needs less equipment, can operate in a rented building, and can initially be run with fewer employees.
✔ approximately 75% approximately 25%
✔ excess supplyexcess demand
✔ shoe storescoffee shops
$2,500✔ $10,000 $12,500
✔ The Shoe HutStar's Coffee and Teas
Which factors did you discuss in your response? Check all that apply.
The Shoe Hut✔ Star's Coffee and Teas
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