Question
Develop a snack bar for a local high school football stadium. You have an empty shell of a small room (measuring ten feet by 15
Develop a snack bar for a local high school football stadium. You have an empty shell of a small room (measuring ten feet by 15 feet). You currently have no cooking instruments, but you have an ice maker and cash register that you do not need to pay for. Your task is to buy equipment, based on what you want to sell, and then you have to buy products to sell. You need to look at actual prices (you can buy some food at Costco as an example). You have to develop a budget that takes into consideration fixed costs and variable costs and then the revenue you anticipate making. I want this to be as real world as possible so you have to think about whether your budget is realistic and if you have covered everything. Imagine if you work at the high school and if screw-up you can be fired. You want to maximize revenue, but minimize costs. The key is to think about what you will offer, how you will offer it, how will you deliver, produce, etc everything before you start buying. As an example, you need to clean the snack bar after every game which requires you buy cleaning supplies. Another component is identifying what are fixed costs and what are variable costs.
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