This paper concerns the analysis of a marketing statement regarding the proposed relocation of the XYZ restaurant.
Written in 2006; 1,125 words; 0 sources; $ 44.95
Paper Summary:
This paper presents a competitive analysis of XYZ restaurant and its nearest competitors, in an attempt to justify a change in location for XYZ. Bivariate tables are presented for Price and (1) menu selection, (2) service speed, and (3) food quality. It is demonstrated that XYZ has a competitive advantage overall that justifies the move. In conclusion, relocation is recommended.
From the Paper:
"Restaurant proposes to change locations from its current site on Brand Street to a site in Little Italy on College Street. In order to make a successful relocation, XYZ has conducted this market positioning statement, in an attempt to define its likely close competitors at the new site and to determine the market niche that XZY Restaurant is most likely to fill successfully. Effective positioning requires current knowledge of competitors' strengths and weaknesses in relation to XYZ Restaurant's product offerings. It also affords the opportunity to analyze target audiences and to determine how well situated XZY is to meet the needs of these publics relative to its competition."
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