Based on the survey data, what can be concluded about the market for coffee shops in the area?
Star’s Coffee and TeasThe Shoe Hut
The Shoe Hut Star’s Coffee and Teas
Star's Coffee and TeasThe Shoe Hut
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
✔ Star's Coffee and TeasThe Shoe Hut
✔ 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
Which factors did you discuss in your response? Check all that apply.
approximately 75% approximately 25%
excess supplyexcess demand
shoe storescoffee shops
$2,500$10,000 $12,500
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