Economic Factor

Breaktalk s economic factors
Introduction
The breaktalk group is a young and brilliant company that is rapidly expanding its business locally and internationally. With its signature out-of-doors concept kitchen, the breaktalk bakery presented its products in attractive packaging that short earned itself the repute if being a lifestyle brand. It has since franchised 73 bakery outlets overseas and to a greater extent recently expanded into the eating house and food Atria business.
Role of Breaktalk
The breaktalk group play an important subprogram in capital of Singapore s economy. Being a multinational country, it has been influenced by culture from different nationalities and countries. Singapore has been ranked as one of the three major eating capitals In the Asia pacific region and the other two countries argon Hong Kong and Australia. Singaporeans extremely declamatory appetite for eating out has rose the incredible rang and numbers racket of this company outlets, from market restaurants and eateries to inexpensive cafes.
There is a broad opportunity to be an entrepreneur in this industry because of its pocket-size entry barriers. Having this opportunity, enterprising individuals are attracted to give up maestro careers and go into business. Today, breaktalk group have expanded overseas by setting up franchises, joint venture of corporate have outlets.




The four factors that experience demand for the bread supplied
There are population, price of substitute goods, income and taste and preferences

Population
Population is one of the factors that determine the demand for bread supplied by Breaktalk. Singapore population has been extend year on year. Now population in Singapore is more 5 millions people. With the growing population, there are more people to consume the products and hence, the sales of Breaktalk also increased from 31.4 millions in 2006 to 29.1 millions in 2007. Population growth tends to increase the number of buyers which increase the demand for breaktalk. Therefore ,there is a direct...If you want to get a full essay, order it on our website: Orderessay



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