Business Goes With The Mean Data Analysis

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In this case, the business goes with the mean data analysis; the customers coming in the hotel will be within the range of 20kms. If they go with median data analysis, range will only be with in 20 and 25kms. And if the go with the mode data analysis, the range could be anything from 5 to 40kms
Identify and review a range of external sources of information (such as relevant books and articles, information on the internet, benchmarking studies) in order to conduct a qualitative analysis of comparative market data for your business. Write up the results of your qualitative analysis.
External sources of information
Results of reviewing these sources
Book name 1:Astrid N. (2004) Coffee, tea, Chocolate and the Brain, published by Taylor &
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Identify and describe the company’s competitors, as well as analyzing relevant information such as market share or number of customers in relation to your chosen business. Discuss and report on the opportunities and threats that this creates?
Company names
Products offered by these companies
Market share of these companies
Westend Market Hotel
Tab, Night club, Bistro, Accommodation, Function room hire, pokies, public events
The Ashley Hotel
Tab, Gaming, Bistro, Alcohol
Palms Hotel
Bingo, Pokies, Alcohol
Braybrook Hotel
Pokies, Buffet, Alcohol

Opportunities and threats that this creates:
Franchising: it is a relationship in which the owner of the business allocates to independent individuals the right to market and deal out the goods or service, and by using the business’s name for a fixed period of time. ".
This model can be used to describe a number of business models, such as McDonalds, KFC, etc. But there are other models which are rely on franchise relationships. These include:
Manufacturer-Retailer: In this type, the retailer who has the franchisee of the product tries to sell the product or service directly to the customers
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