Strategic Business Planning and Problem-Solving Quiz

Evaluate Bacolod Chicken Makati Branch's one-year performance = Analyze sales, customer traffic, profitability, and local competition and industry trends Develop and evaluate potential strategies = Increase the branch's average daily gross income to P30,000-P40,000 Determine the main factors influencing revenue and profitability = Analyze menu mix, promotions, and operational efficiency; Identify key customer segments and their spending behaviors Analyze k = Not enough information provided to match with a corresponding action

Expanding the branch's menu = Adding new dishes or meal options to attract a wider customer base Adjusting pricing = Changing the prices of existing menu items to maximize revenue without sacrificing customer satisfaction Targeting new customer segments = Identifying and appealing to different groups of potential customers who have not traditionally frequented the branch Improving operational efficiency = Streamlining processes and minimizing waste to reduce costs and increase productivity

Menu mix = The combination of items sold and their respective contribution to overall sales Promotions = Special offers or marketing campaigns designed to attract customers and increase sales Operational efficiency = The effectiveness and productivity of the branch's day-to-day operations Key customer segments and their spending behaviors = Identification of the primary customer groups and their purchasing patterns

<p>P30,000 = Lower end of the target range for Bacolod Chicken Makati Branch's daily gross income P40,000 = Upper end of the target range for Bacolod Chicken Makati Branch's daily gross income P35,000 = Midpoint of the target range for Bacolod Chicken Makati Branch's daily gross income P25,000 = Not within the target range for Bacolod Chicken Makati Branch's daily gross income</p> Signup and view all the answers

<p>Sales = Assessment of the branch's revenue from customer purchases Customer traffic = Examination of the number of visitors and diners at the branch Profitability = Review of the branch's financial performance and net income Local competition and industry trends = Analysis of competitive landscape and market dynamics affecting the branch</p> Signup and view all the answers

<p>The objectives include evaluating the branch's one-year performance, developing and evaluating potential strategies to increase the daily gross income, determining the main factors influencing revenue and profitability, and analyzing key customer segments and their spending behaviors.</p> Signup and view all the answers

<p>Potential strategies include expanding the branch's menu, adjusting its pricing, targeting new customer segments, and improving its operational efficiency. It is important to assess the feasibility and potential impact of each strategy on the branch's overall profitability.</p> Signup and view all the answers

<p>Factors include menu mix, promotions, and operational efficiency. Additionally, the key customer segments and their spending behaviors are important factors to consider.</p> Signup and view all the answers

<p>The branch can evaluate its one-year performance by analyzing sales, customer traffic, profitability, and considering local competition and industry trends.</p> Signup and view all the answers

<p>The revenue range targeted is P30,000 to P40,000 for the average daily gross income.</p> Signup and view all the answers