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Discussion Questions for Forecasting Revenue (Customer Demand)Pick a coffee shop where customers order at the counter works well for this activity, but small restrauants, auto parts stores, hair salons, and many other businesses also work for this discussion. I was going to pick Starbucks but got behind that is why posting .ObserveObserve a business serving customers for 15 minutes or 20 minutes.During this time count the customers served and the approximate dollar amount of each customer's order.Calculate and estimate revenue1. Estimate an AVERAGE amount per customer order.2. Then estimate the revenue for this hour. IE 15 minutes multiply by 4, 20 minutes multiply by 3 for the revenue per hour.3. Then using the hours of operation, estimate the number of customers and the revenue per day.4. Then using the days of operation in the week, estimate the number of customers and the revenue per week, per month and per year.Instructions:1. Share this experience in a paragraph in the discussion area.2. Write a second paragraph about the assumptions you needed to make for this assignment AND how this would be different if you needed to order the items needed to serve the customers for this week.
What is the relationship between motivation and job satisfaction? Are satisfied employees more productive? Can most people be motivated by money? Is money really a good primary motivator? What should we make of all the different motivation theorie..
Will any action notices be generated? If so, explain what they are and why they must be generated.
An organization recently developed a new intrinsic recognition program (Plaques, Certificates, Nominal amounts of money that is savings bond and designated parking space for a 30-day period).
A grocery store needs to sell 3,000 cartons of 2L 2% milk per month. The sales is relatively constant throughout the month. The owner of this grocery store purchases milk from a supplier 50 miles away for $2 per carton, and it takes a day to restock.
The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationery that require 1,415,000 sq. yards of stationery per year.
Compute the average demo for each of the three categories of medication errors. To illustrate what sigma levels do these values correspond.
Assume that you have $165,00 invested in stock that is returning 11.50%,$85,000 invested in a stock is returning 22.75% and $235,000 invested in a stock that is returning 10.25%.
What criteria do you recommended to determine the credibility of a source of information? Develop a list of no less than 10 elements you would use to determine the credibility of facts
From past experience, advertising on TV is estimated to be 25 times as effective as on radio. Determine optimum allocation of budget to radio also TV advertising.
Identify the pros and cons of a JIT relationship from D&D's point of view, Identify the pros and cons of a JIT relationship from Dixon Plastics point of view, What factors should Dixon and D&S consider before making a decision on the relationship?
A professor records the number of students who complain each week throughout the semester. If the class size is forty students, what are 3-sigma control limits for this class?
What are your beliefs about compromise as a conflict resolution technique?
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