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According to your logic all of the restaurants, hotels and bars have a questionable business model since they are suffering now because of the pandemic
by usaphp 7y ago
According to your logic all of the restaurants, hotels and bars have a questionable business model since they are suffering now because of the pandemic
- ericabiz 7y agoI specifically stated “a business with no inventory and whose sole purpose is to be a marketing middleman between people offering a service and those in need of a service.” Restaurants, hotels, and bars provide services directly and are not examples of this.
- tathougies 7y agoThose businesses work perfectly well -- see banks, retail stores (who often don't even own the inventory they're selling), Amazon. The ones that don't work are the ones whose markets are affected by natural disaster, which is true of any business.
- smileysteve 7y agoI think that industry statistics show that many restaurants always have questionable business models. It would certainly be ideal if Restaurants, Cruise Lines, Hotels, Airlines had the balance sheets to handle an event like this, so far a 2 month slowdown, especially as there are things like cancelled events, hurricane season, recessions reducing travel, etc.
- wzdd 7y ago"questionable business model => may collapse during a pandemic" is not equivalent to "may collapse during a pandemic => questionable business model". (No comment on whether these things have a questionable business model, this is just how implication works.)