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Case Analysis: A Little Taste Of Texas Cafe

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A vital aspect involved in any business, especially a new business venture, inclusive of the hospitality industry, is the determination of the market via a thorough Market Analysis. Thus, before A Little Taste of Texas Café formulates the sales, as well as, the marketing strategies, they must establish the market the café serves, as well as, the need they fulfill in the market. According to Brault (2014), a business such as A Little Taste of Texas Café dictates the acquisition of the knowledge experienced through a market analysis by establishing what the customer seeks, in addition to the most beneficial mode to utilize in the product offering in a profitable manner. This in turn provides a manner to evaluate the business, in addition to projecting …show more content…

Hence, the attainment of the information needed to ascertain a thorough market analysis is via sources such as trade association data like the National Restaurant Association, and their local chapters. Nevertheless, additional information delved from various hospitality industry publications, as well as, known databases, like the U.S. Census Bureau, the Department of Commerce, or even the Department of Labor, provide other sources. Plus, the new the SBA program, SizeUp, which allows A Taste of Texas to input their business type and city of business in order to map the competition, with highlighted information, such as abundant competition in orange , as well as, areas with potential customers, but fewer competitors in green provides yet, another mode of information gathering. Additionally, A Little Taste of Texas will procure local information from the local Chamber of Commerce of Euless, as well as, the other two Mid-Cities components of Hurst and Bedford, in addition to the Visitor and Tourism Center of the DFW

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