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Make three new tabs in the worksheet ( in addition to the original ) ?of the model Make three copies of the completed model (
Make three new tabs in the worksheet in addition to the original ?of the model
Make three copies of the completed model your original ?and paste it three times, one on each Worksheet Tab
Change inputs or constant values in each of the copied models with those value you are suggesting to show the effect in the bottom line of the Profit and Loss table and the chart.
In a MS Word file, write a page document stating the three possible improvement actions the Bike Shop can take to become profitable. Include specific input values and output values that resulted from plugging in various numbers. For example, you could say if you increase the price to $ ?then the expected profit will be $
Evaluate each of the three improvement actions, i e ?is this action feasible? Would it actually make them profitable? Would customers respond positively? Would sales decrease?
Select the one action that after evaluation you believe would be the best action to take for the Bike Shop to become profitable and identify it as your recommendations with a justification as to why the recommended action is best.
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