What is the most likely goal for Andrew who has started a food truck business after he lost his job because of the economic downturn?
Question
What is the most likely goal for Andrew who has started a food truck business after he lost his job because of the economic downturn?
Solution
The most likely goal for Andrew, who has started a food truck business after losing his job due to the economic downturn, would be to achieve financial stability and independence. Here are the steps that outline this goal:
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Establish the Business: Andrew's first goal would likely be to establish his food truck business. This includes finding a suitable truck, deciding on a menu, and obtaining all necessary permits and licenses.
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Build a Customer Base: Once the business is established, Andrew would need to attract customers. This could involve marketing efforts such as social media promotion, attending local events, or offering special deals.
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Achieve Profitability: After building a customer base, the next goal would be to become profitable. This means earning more revenue than the costs of running the business. Andrew would need to manage his expenses carefully and possibly adjust his prices or menu to increase profits.
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Expand the Business: Once the food truck is profitable, Andrew might aim to expand his business. This could involve adding more food trucks, hiring employees, or even opening a brick-and-mortar restaurant.
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Financial Stability: Ultimately, Andrew's main goal is likely to achieve financial stability. After losing his job, he would want his food truck business to provide a steady income. This would involve maintaining and growing his customer base, managing expenses, and possibly expanding the business further.
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Andrew felt trapped working the daily shift at the grocery store. It was the same routine every day—unending lines at the checkout counter, loud announcements over the speaker, and the occasional rude customer. But his job helped pay the bills, so he tried not to complain.His only relief came when his shift was over and he could head home on his motorcycle. As soon as he switched on the motorcycle’s engine, he’d feel a rush of adrenaline. He would give a hard kick on the pedal and the engine would roar to life. He’d start out slow, letting the wind sweep over him. A while later, he would increase the speed to keep up with the motorists on the freeway.Andrew always preferred the excitement of driving in the open air. Riding beside the motorists just made him feel superior to those who chose to drive a car instead of a motorcycle.As he headed home, he would dream of riding forever and never returning to his job. His bike always presented him with the opportunity to just quit everything. "Maybe one day,” he thought.
Question 5An independent food truck vendor wants to grow its customer base. Which of the following is a specific business goal for this company? 1 pointWe want to increase our number of customers by 50% over the next 12 months. To do that, we will add two popular specials as standard menu items and introduce an efficient mobile payment kiosk. We want to increase the number of customers that we serve each year to increase our year-over-year revenue. To do that, we will sell more meals and make it easier for customers to pay. We want to increase our total number of customers this year. To do that, we will introduce more menu items and make it easier for customers to pay for their orders.We want to increase the number of meals we sell.
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