Retail Management Report Essay Example | Topics and Well Written Essays - 2500 words

Retail Management sketch - Essay ExampleThe growth interest in Chinese and oriental culture including food has spawned a new era of Chinese/ oriental restaurants. China China is a restaurant that wants to offer Chinese cuisine to guests and therefore needs training about the sub industry on a shape of retail aspects. This retail audit will use collected data from a survey on Mandarin restaurant to propose effective marketing methods for China China Chinese restaurant base on the gathered social information. The recommendations will entail decisions on segmentation, location, product ranges, pricing, ambience at the restaurant, customer service, employees, and the necessary work force, a budget, and how the business is sustainable. The recommendations will also cover communications and thereafter top a conclusion based on the survey Company background China China is a restaurant business with the intention of establishing in the city of. The company is entering into a fast gro wing retail industry of Oriental and Chinese cuisine, which is becoming very popular. The owner of the business is a local with an eye for restaurant investments and no prior experience in Chinese restaurant cuisine. ... Objectives of the enquiry The aims of this research is to establish the demographic trends for oriental Chinese cuisine customers, the nationalities frequenting these restaurants, the foods these customers prefer, what they spend on an average meal at a Chinese restaurant, frequency of visit to these restaurants, other Chinese restaurants they prefer and their overall satisfaction levels in terms of convenience, location and service. This information will be used to review the strengths of the sector, inherent weaknesses and threats, and how the market is segmented. This information will then be used to make recommendations and conclusions as regards pricing, advertising and promotion, merchandising, customer service, product offering, the sustainability if the bu siness, where it should be located and the best regime for pricing. It will also recommend on what customer segments to target as customers with justifications based on the research Research methodology The research was approached by utilizing a pragmatic research approach using both quantitative and qualitative techniques. A survey questionnaire was prep ared taking into esteem the research objectives and sample size was decided by randomly selecting respondents. Random sampling was used because it gives both potential respondent a chance to be selected and ensures the data collected is not biased and therefore provides information that is fully representative of the population, contends Bradley (2007) The retail audit Market A market is the group of organizations or consumers that are interested in a product, are allowed by law or regulations to acquire the product, and are able to afford the product or