1. Describe your chosen restaurant along its products and the nature of competition it faces 2. Identify the information needs of the restaurant owners for setting prices and preparing a budget for next year. Suggest ways to improve their financial performance through the budget process. 3. You are asked to analyse value added and non-value-added activities. Suggest ways to eliminate non-value-added activities and reduce costs to be competitive in the marketplace. 4. Briefly explain how you would estimate their product costs