HTT 200 Version 2 Week 4 CheckPoint Chain and Independent Restaurantsin Business (Education) by jacob
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HTT 200 Version 2 Week 4 CheckPoint Chain and Independent Restaurants
There are many differences when comparing and contrasting restaurant chains to independently owned restaurants. The access to capital is the same when it comes to chain or independently owned restaurants; both the restaurants have the access to the money they would need. The differences in the two are that the chain restaurants have more money due to it being owned by a corporation. The independents disadvantage is that to get the same money they would have to take out a small business loan and also may have to put up their home as collateral.
New product development is great in the restaurant field whether being the chain restaurants or independent. Both have the option to advertise in order to acquire new customers. The disadvantage of the independent one is that there is less money,...