What is the revenue potential per hour of this coffee shop

Assignment Help Operation Management
Reference no: EM132279493

You are considering to invest in a franchise for a coffee shop in your neighborhood. To understand the revenue potential, you decide to visit a coffee shop from the same chain next to your neighborhood. In the next few months, you visit this coffee shop at random times between 6am and 9am. You observe that the line (queue) averages about 11 customers and it takes about 3 minutes to get in and out of the coffee shop. Assuming this is a typical experience and each customer spends about $5 per visit, what is the revenue potential per hour of this coffee shop?

Reference no: EM132279493

Questions Cloud

Quality means different things to different people : Quality means different things to different people. Several programs, including Six Sigma and variety of TQM efforts exist to continually maintain.
The lowest level in the federal court system : The lowest level in the Federal Court System are the. The ability of the Supreme Court to rule a law unconstitutional is called.
The war powers resolution : The War Powers Resolution of 1973. The U.S. President's greatest power is the power to declare war.
Congress has the authority to declare war : Which of the following is a false completion of the following: "Congress has the authority to declare war..."
What is the revenue potential per hour of this coffee shop : You are considering to invest in a franchise for a coffee shop in your neighborhood. what is the revenue potential per hour of this coffee shop?
Do you feel some of the management issues are timeless : Do you feel some of the management issues are timeless?
Find the set of rationalizable strategy profiles : Provide some examples of leaders you know or have read about who are strategic thinkers. Find the set of rationalizable strategy profiles.
Legislature by removing individual appropriations refers : The authority of a chief executive to delete part of a bill passed by the legislature by removing individual appropriations refers to
Part of the strategic management process : Which is not part of the strategic management process? Business strategy.

Reviews

Write a Review

Operation Management Questions & Answers

  Increase the speed at which innovation will spread

Which of the following characteristics tends to increase the speed at which an innovation will spread?

  How does mutual accountability affect team performance

How does mutual accountability, or the lack thereof, affect a team’s performance?

  Define cause-related marketing

Here's an example of how you might respond to some of the exam questions. The key thing is to be specific, thorough, to proof carefully, and to cite your work where appropriate. Define “cause-related marketing” and give an example of its use. How cou..

  Explain logistic tasks involved in one supply service chain

Explain logistic tasks involved in one supply service chain, say involving a hospital or restaurant. How different are these tasks versus those involved in a manufacturing supply chain?

  What do you think management at renault should have

What do you think management at Renault should have done about the anonymous accusation about a senior official negotiating a bribe?

  How may the citys values and motives help build teamwork

What methods may be utilized to build effective teamwork relationships among city employees? How may the city's values and motives help build teamwork?

  Evaluate ergonomics and human factors design principles

Analyze and evaluate the ergonomics and human factors design principles you have learned in this module, and then creatively apply them to aviation maintenance operations. How can these principles be employed to improve the safety of maintenance oper..

  Enhancing workplace satisfaction and productivity

Among the various approaches to enhancing workplace satisfaction and productivity

  Provide advantages of results-only work environment

Provide Advantages of a “results-only work environment”

  Useful compromise between interviews and questionnaires

A group meeting sometimes is suggested as a useful compromise between interviews and questionnaires. In a group meeting, a systems analyst meets with a number of users at one time. Discuss the advantages and disadvantages of group meetings.

  About the basic strategy presented for critical thinking

Describe critical thinking in your own words. Was there anything about the basic strategy presented for critical thinking you found surprising?

  Difficult to put together realistic schedule

Why then is it so difficult to put together a realistic schedule? What are some actions that can be taken to improve the accuracy of a schedule?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd