Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the Monthly Performance Indicators for the third year, from January to June, the market value, beverage and food sales, service quality, and atmosphere

According to the "Monthly Performance Indicators" for the third year, from January to June, the market value, beverage and food sales, service quality, and atmosphere were all relatively high. For example, the market value rose from 9% to 10%, while the food and beverage were not too low, and the atmosphere rose to 139. The market and service are all right and make my restaurant very popular. However, I do not know why in November and December the market share started to drop and dropped to 7%, which brought our restaurant down to 1 star in the "ProRater". In December, I revised the amount and price of beverage and the price of publicity and advertising. I did not change that much. I am in the beverage, just reducing the amount and lowering the price a little. For promotional and advertising pricing, I did not lower or raise the price by much and did not exceed $900 or $1000 per item. In the third year, the restaurant has not lost money but continued to make profits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Economics questions