Author Question: A small town has just announced that a major manufacturer will be building a plant nearby that will ... (Read 54 times)

NClaborn · **on:** Aug 10, 2018

A small town has just announced that a major manufacturer will be building a plant nearby that will employ 2,000 new workers. When the plant is built and operating, what will be its likely impact?

a. The town's market size for restaurant meals will increase.
b. The town's market size for restaurant meals will decrease.
c. The market share for every restaurant in town will increase by the same amount.
d. The market share for every restaurant in town will decrease by the same amount.

Question 2

Which activity would directly affect the vendor environment within which establishments operate?

a. The formation of a new off-site catering company
b. A new produce supplier starting a business in the area
c. A chain restaurant's decision to close an older and poorly performing store
d. The city council's decision to extend the hours in which establishments are allowed to sell alcoholic beverages