Wi th the aid of suitable examples, examine how small independent restaurants might combat the pricing behaviour of large restaurant chains and retain their market share

The UK economy is now considered to be in a period of sustained growth and the Bank of England is continuing to maintain low interest rates to encourage consumer spending and investment. Also, the£Sterling is stronger against many other currencies, particularly the Euro, making it more attractive for holidays abroad for British holiday makers. With the aid of examples, evaluate how the hospitality industrymight respond to these circumstances.(20)

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Wi th the aid of suitable examples, examine how small independent restaurants might combat the pricing behaviour of large restaurant chains and retain their market share

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