What is your advice to sammy with regard to his cookie

Assignment Help Management Theories

Reference no: EM133534749

Sammy owns a franchise for a GAC (Great American Cookie). He is excited to start his store and make some money as a side hustle. As an owner he is keeping a keen eye on his costs. It shows that he used $ 4000 for all the raw-materials for making the cookies. The raw materials costs included machines/oven, ingredients, and labor costs. For the franchise he had a pay a fixed license fee, which cost him about $1500. In Sammy's first year of business, his finances showed that he ended up with making only $ 4200. He has come to you as a Managerial Econ expert and asks your advice if he should still continue to be in business. What is your advice to Sammy with regard to his cookie business?

Reference no: EM133534749

Questions Cloud

Write a brief summary of the ethical approaches used : Identify 5 research articles and write a brief summary of the ethical approaches used in the research studies.

What is the professor looking for when asking me to explain : What is the professor looking for when asking me to explain through the lens of eriksons developmental theory, any ethical components of the case that play

How do you think the situation reflects jacquelines sense : How do you think this situation reflects Jacqueline's sense of role performance? How do you think that Jacqueline may be contributing to her own health?

Which biological, psychological, and social factors : which biological, psychological (e.g. attitudes), and social factors (i.e. biopsychosocial) influence our support for social policies, programs, and laws.

What is your advice to sammy with regard to his cookie : He has come to you as a Managerial Econ expert and asks your advice if he should still continue to be in business. What is your advice to Sammy with regard

What are things you have done to help you better balance : What are things you have done to help you better balance your work demands and your life? What could your (current or past) job do to help you

What strategies does this organisation currently have : What strategies does this organisation currently have in place for WHS to address Mandatory Reporting

What are the differences between sales and marketing : What are the differences between Sales and Marketing? Why are both important? How are sales and marketing changing? Give some examples

Create one decision tree for in-house option : Create one decision tree for in-house option and create one decision tree for outsourcing option. If you use a parameter, please explain what it is

User Account

All Pages