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Submitted
December 26, 2020
Accepted
March 4, 2021
Published
March 6, 2021
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Abstract

Purpose of the study: The purpose of the study is to set up a restaurant business in Cox’s Bazar in this Covid-19 scenario with a low budget and providing premium services. People's purchasing power has been decreased due to this situation and they demand to get premium services at cheaper prices.


Methodology: A market analysis has been performed as well as the present situation has been studied. A proper business plan has been setup with the layout of the restaurant.  


Main Findings: It has been found that a better amount of profit can be achieved by satisfying the customer with lower price than the present competitors. It also has been observed that combining more than 2 businesses will help to achieve the profit margin in quick time. Customer satisfaction is also high in this type of strategy.


Applications of this study: New entrepreneurs made enough observations to create their new business model which will help them to make this business profitable. This model is an ideal model for a start-up business with a low budget.


Novelty/Originality of this study: As the real-time study has been studied and the real situations have been considered, this study will be helpful for the new entrepreneur.

Keywords

Covid-19 Combined Business Tourism Pandemic Strategy Market Orientation Restaurant Model

Article Details

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Authors retain the copyright without restrictions for their published content in this journal. IJSRTM is a SHERPA ROMEO Journal. 

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This is an open-access article distributed under the terms of  Creative Commons License

 

How to Cite
Hasan, Z., & Ibne Hafiz, T. (2021). COMBINED BUSINESS STRATEGY IN COASTAL AREA AFTER COVID-19 SITUATION: A CASE STUDY IN COX’S BAZAR. International Journal of Students’ Research in Technology & Management, 9(1), 01–14. https://doi.org/10.18510/ijsrtm.2021.911
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