Final answer:
Deciding if Hoagland's should eliminate the bar involves assessing its financial performance, customer preferences, and strategic fit. The decision should be made based on careful evaluation of both short-term and long-term business implications.
Step-by-step explanation:
Whether Hoagland's should eliminate the bar depends on various factors such as customer preferences, profitability, and the overall strategy of the business. Eliminating a bar can have significant implications. If the bar is not performing well financially, its removal might improve the company's bottom line. Conversely, if the bar is popular with customers, it can be detrimental to the business's success to remove it. When analyzing business decisions, it's essential to consider the short-term and long-term effects on revenue, customer satisfaction, and brand identity.