BB1751 Quantitative Methods - Research Paper Example

The results have been tabulated and compared to show comparisons between the restaurants, their sizes, sales, types, employees, etc. Results are expressed in thousands of pounds. The survey results represent 279 completed self-reporting mail surveys. The respondents were asked to quantify various specific restaurant facts. Most surveys were filled out completely while some were partially completed. When tabulated the blank entries were recorded as "no response". The respondents were asked to relate the general business outlook on a 1 - 7 scale where 1 represents very unfavourable and 7 represents very favourable.

The following pie chart helps explain the results: The chart helps report the following results of the general business outlook: 14% reported very unfavourable, 14% reported less favourable, 24% reported unfavourable, 26% reported favourable, 18% reported more favourable, 3% most favourable, 1% very favourable, and 0% no response. The majority of respondents reported the general business outlook as favourable. The majority (51%) of businesses reported that they were small with less than ten employees.

Medium size businesses made up of 10 to 20 employees were of 24% of the total. Large businesses, those with 20 or more employees were (21%) of the total. 5% of the respondents reported no size. Total sales for small businesses. rket value for all businesses in the sector was measured at 83788 with a high of 12000 for one business and an average market value of 349.12 for all businesses.The total cost of goods sold measured 12.6% of total sales and wages measured 7% of total sales. The total spent on advertising within the sector was 2726.

Respondents reported that of the restaurants in the sector 53% were fast food, 33% were Business Dinner/Lunch, 10% were Private Dinner/Lunch, and 4% left that question blank.The total seating capacity reported within the sector were 19173 seats with the average being 72 seats and the highest being 550 seats.Restaurants within the sector are sole ownership (38%), partnership (9%), or company owned (48%). 5% of the respondents left the question blank. The following chart gives the percentage breakdown: The Average number of fulltime employees per business is 11 and the average number of part-time employees if 13.

The majority (51%) of businesses reported that they were small with less than ten employees. Medium size businesses made up of 10 to 20 employees were of 24% of the total. Large businesses, those with 20 or more employees were (21%) of the total. 5% of the respondents reported no size. Total sales for small businesses were reported as 18927, medium 17494, and large 45822. Average sales per small business were reported as 145.59, medium business 291.57, and large business 848.56. Large businesses made more overall, with small businesses next and medium business sales falling about 1500 behind the small businesses.

The averages followed the small, medium, large pattern. The business outlook based upon restaurant type was pretty much the same with the average scores between 3.3 and 3.4. That represents a reporting between