Reference no: EM13343302

As a recently minted MBA, you have been hired by a consulting firm which specializes in assisting small businesses. Your first assignment is to work with a restaurant that has been open for about one year. The owner is some what perplexed because the restaurant has been very busy every day but the profit has been negligible. For this consulting assignment you have been tasked to provide guidance to the owner and the three restaurant managers in the following areas; budgeting and pricing. Prepare a position paper that you would provide to the owner and managers concerning these two topics. The discussion in your statement should incorporate the concepts that are presented in the textbook and what was presented in class.