Question

Think like an economist. Let’s explore what happens when things change. If you were Ratna, what would you do in the following situations? Discuss with your classmates.

Suppose another restaurant opens in the neighbourhood.

• How will you attract and keep your customers?
• Will you improve your service, reduce prices, or offer something new?

Answer 1

• I would attract more customers by providing high-quality service, improving the food menu, offering affordable meal combos, and using effective marketing strategies.
• Yes, I would introduce new items to the menu and provide attractive offers on combo meals to encourage more customers to order.