Business in the Food Industry

The economic principle I examined was how restaurants are successful in the food industry.  There are many situations where this economic principle can be applied to the real world. For instance, while studying new restaurants  I found many examples of this principle. First, it takes more than just tasty food to make a good restaurant. This shows that it is a lot harder than most people might think. Second, the types of food that are served are not the deciding factor of it will be successful or not. This demonstrates that the small things like certain ingredients, advertising, and service can determine what people think of your business. Third, is management and who works at the business. This means the people at the head of your business can either make or break if your business will be a bust or a boom. Overall, you can see that it takes a lot more to make a successful restaurant.