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Personal Finance Project

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Personal Finance Project - Page Text Content

BC: The End

FC: Dixon's | Karla Avila

1: Dixon's

2: Personal Finance Project

4: Personal Finance Project Part II

5: Economic System in Mexico

9: Free Market

10: Agriculture | Mexican economy is influenced as well by agriculture. “Mexico was ranked as the number one in onion, lemons, avocado and limes production. It was ranked in second place with papaya, dry fruits chilies and pepper production. And finally Mexico was ranked among the third place in producing oranges, mangoes, chicken meat, whole beans, and asparagus.” Thereof, even when Mexico has an economic system based on free market, the government owns some industries such as oil and electricity production.

11: We spent the day with elephants!

13: Different Economic System If Mexico had a different economic system my business will surely be affected. If Mexico had never signed the Free trade agreement in 1994, it would be almost impossible to own imported goods such as furniture, and domestic products. Thereof many of the products needed to make my business work will be affected with the price; I will be forced to spend a certain quantity of money. Being able to trade is very important as it maintains the economy flowing and the products sold here are of better quality. Poverty is an important factor to take into consideration, as it also affects my productivity and the economy of my restaurant. Many of the citizens would not be able to buy my food, so I’m forced to lower the prices. n

16: 1.Lower my prices: People always complain of the price. If I have high prices people wont buy my product. People are always seeking to save money, as we are suffering an economic crisis. Therefore I will lower my prices, but make sure it doesn't harm my economy as well. 2.Quality vs. Quantity: People are always complaining about quality or quantity. In order to survive and strike for the best, I need to give an excellent product quality and give my customers a great portion of food.

17: 3.Differentiation: I would need to offer something different, be different from my competitors. In this case I should provide a good and comfortable place, for everyone. Therefore I will also need to be innovative with my food, make outstanding recipes, and have that something that makes them unique. I will have the chefs create new recipes in order to make a difference. 4.Publicity: Finally in order to get my business in track, I should have a variety of publicity that will offer my services. For example newspaper, radio, TV, etc..

18: Personal Finance

19: Part III


24: Non Price

25: Determinants

28: Ideal Time of the Year

29: I believe summer is one of the best times for my restaurant because people are in vacations, so there will be an increase of demand in my restaurant. As people need to find a place to eat and have fun with their friends. But of course there are other restaurants so I will have to compete with them on prices and quality. Therefore I should have enough supply to maintain my restaurant flowing.

30: Personal Finance Project Part IV

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  • By: karla a.
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  • Title: Personal Finance Project
  • Dixon's Restaurant
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  • Published: over 5 years ago