A strategic plan to achieve competitive advantage in the current fierce competition in the fast-food industry. The owner also wants to seek your advice about expanding the business – open three more shops in the coming five years. The owner has successfully applied the New Westminster Food Truck StrEAT Festival for the first time. The event is scheduled on July 25ª. Prepare a working schedule which includes a breakdown of essential activities. The owner provides the revenue generated since the start of the business and he wants a good forecasting model to estimate his monthly revenue thereafter. Revenue (in S000) Year 2019 Year 2020 Aug Sep 116| 120 Jul Oct Nov Dec Jan Feb Mar Apr 126 123 123 118 117 124 122 117 Point out some variables that could affect the revenue and suggest ways how the owner can increase the revenue. Further, suggest three other areas in which you think the owner could use forecasting models.

A strategic plan to achieve competitive advantage in the current fierce competition in the fast-food industry. The owner also wants to seek your advice about expanding the business – open three more shops in the coming five years. The owner has successfully applied the New Westminster Food Truck StrEAT Festival for the first time. The event is scheduled on July 25ª. Prepare a working schedule which includes a breakdown of essential activities. The owner provides the revenue generated since the start of the business and he wants a good forecasting model to estimate his monthly revenue thereafter. Revenue (in S000) Year 2019 Year 2020 Aug Sep 116| 120 Jul Oct Nov Dec Jan Feb Mar Apr 126 123 123 118 117 124 122 117 Point out some variables that could affect the revenue and suggest ways how the owner can increase the revenue. Further, suggest three other areas in which you think the owner could use forecasting models.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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