Analyse how food and beverage outlets can use tools such as "Five forces analysis" and the VRIO concept to ensure the y meet their strategic objectives.
1. Define these concepts from a food and beverage perspective
2. In your answer discuss the competitive nature of the Sydney food and beverage industry
3. Provide examples of bars and restaurants that exemplify these concepts
4. Evaluate how food and beverage outlets use menu engineering to maximise profit.
2,500 Words.
9 references from adademic journal 6 from books.