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A local restaurant has sought your assistance as a consultant. The restaurant has daily revenue data available for the past three years. The restaurant is closed for Thanksgiving, one week in December, and one week in January. A local special event is occurring next year that will draw a significant amount of tourism to the area. The restaurant is expecting an increase in business by 15%. In addition, local professional sports teams are performing well, contributing to an increased sales forecast of 5%. The most recent year sales are $865,000 per year. Sales for the last three years, from most recent to last recent, were $886,000 (year 3), $875,000 (year 2), and $925,000 (year 1). The restaurant seeks an accurate forecast, as it cannot afford to make a mistake in labor and food budgets.
Make an effective sales forecast for the restaurant for next year using the information provided. Explain your approach.
Describe why or why not a pure service industry (e.g. accounting or law firms) may or may not be able to implement this type of technique.
Tamiya Sdn Bhd is considering three sites -Klebang, Taiping and Rompin - at which to open new plant. Klebang would have fixed costs of RM700 000 per year
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Utilizing an objective stance, you will take on the role as a consultant for a new small restaurant chain located in your home state.
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Incoterms are exclusively for international commerce contracts. Warranties” are the cotton shirts worn by the senior Senator from Massachusetts.
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Which is more important in explaining the success and failure of companies: strategizing or luck?
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