Systems of a Restaurant

Source: Trip Advisor

• KEY ECONOMIC PRINCIPLES I’M ADDRESSING:  

Because of scarcity, people choose.  All choices have an opportunity cost.  

• OVERALL RESEARCH QUESTION:

Restaurants have budgets as well as multiple areas of the business that needs money.

 If money is scarce how can restaurants decide on where to put the most money.  

• SUB QUESTIONS
• Which is the most important good of a restaurant?
• How are restaurants started successfully?
• For the most successful restaurants, where did the most money go?
• How can restaurants manage the budget to appeal to a large sect of the population?
• Should more money go to the staff, or restaurant?
• How much is typically spent on alcohol alone?
• RESOURCES FOR RESEARCH:
• WEBSITES: Starting restaurant / Running a cafe/rest.