why it is exciting to own a restaurant?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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why it is exciting to own a restaurant?

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Step 1: Define background related to hospitality industry

Note: As per the guidelines, the solution has been authored in a generalized manner and no personal opinion has been provided. 

Service sector consists of various services such as banking, hospitality, insurance and so on. All the services hold an integral part and involve interaction with the customers. Similarly, hospitality industry is one of the most important industries that is also related to tourism. It involves various services such as lodging, food, beverages and so on. It is important to interact with the customers, understand their needs and requirements, provide them a delightful experience so that the company is able to build and maintain a loyal and strong customer base. 

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