Question

swot analysis of a hot dog stand

Answer 1

Strengths

1.Entry barriers will be very high.

2.In the area of New York there will be limited competition.

3.The products can be sold online.

4.The start up risk will be low.

5.Profit will be high.

Weakness

1.There will be high competition.

2.There will be high transportation cost.

3.There will be limited flexibility in pricing.

4.The start up cost is low.

Opportunity

1.Stores can be developed additionally.

2.Additional capital acquisition will be easy.

3.Profit earning ratio will be good.

4.New products can be developed easily.

5.Good relationship with the customers.

Threats

1.There is an increase in insurance costs.

2.Already many are selling this product so there will be high competition.

3.If the input cost increases then product cost should also be increased.