Amir owns a fine Steak House Restaurant in north of Toronto with the average meal of $65 per person.What would be the two most influential macroenvironmental factors that Amir has to monitor for his business?
A)Corporate partners and political environment
B)Economic situation and competition
C)Culture and Legal environment
D)Economic situation and social trends
E)Customers and corporate partners

Question

Quizplus · Accepted Answer

The economic situation can greatly affect the spending power of consumers, which could impact the number of people dining at Amir's restaurant. Social trends, such as shifts in dietary preferences or attitudes towards eating out, can also have a significant impact on the success of the restaurant. While all of the other factors listed may be important, economic situations and social trends are likely to be the most influential on a steakhouse restaurant's success.

Amir Owns a Fine Steak House Restaurant in North of Toronto