Question 14 Marks
Your friend is planning to start a business. Study the following chart and suggest him/her in five to six sentences whether he/she should have franchisee of Tea or Coffee point.
Beverage preferences among the people in their middle ages.
Beverage preferences among the people in their middle ages.
| Iced tea | Cold-drinks | Cold coffee | Coffee | Tea |
| $06\%$ | $02\%$ | $12\%$ | $24\%$ | $56\%$ |
Answer
View full question & answer→Based on the beverage preferences among people in their middle ages, your friend should consider having a franchise of Tea Point. The data shows that 56% of people prefer Tea, which is the highest among the options. In contrast, Coffee only accounts for 24%, and Cold Coffee is at 12%, both of which are lower than Tea. Additionally, Iced Tea (6%) and Cold Drinks (2%) also do not match the popularity of Tea. Given that Tea is the most preferred beverage in this age group, a Tea franchise would likely have more demand and business potential. Therefore, investing in a Tea Point franchise could be a more profitable decision.