3. Problem Solving A would-be entrepreneur walks into your bank and asks to rece

Question

3. Problem Solving A would-be entrepreneur walks into your bank and asks to receive financing for a business plan modeled after In-N-Out's approa would come from local suppliers and growers within a 30-mile radius of town. Is this a wi deserving of financing from your bank? W the loan? ch and extremely simple menu. But all the ingredients nning recipe hat would you like to see in the business plan before approving 4. Further Research Imagine you were asked by In-N-Out Burger to research current industry and socal trends, and consumer values and tastes. Write an ad campaign that coincides with the current market landscape and still adheres to In-N-Out's core values: quality, consistency, friendliness, and cleanliness. How would your ad appeal to customers in ways that the ads from the big chains-McDonald's Wendy's, and Burger King-do not? How would you use social media as part of this ad campaign? And vhat can you do that would make this ad so attractive that it goes viral on YouTube? Copyright 2015 John Wiley& Sons, Inc.

Explanation / Answer

As the business plan is based on the same model as that of In-N-Out and there is no innovativeness in the model, so the plan is not deserving of financing. Even the raw materials are sourced from the local supliers and thus not much of uniqueness in the product.The menu is extremely simple, so it doesnt assure of the success in future.

Before approving the loan the bank must see the below mentioned criteria in the business plan:

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