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Task 3 Your Tasks : Read the following 3 scenarios and answer the questions attached for each scenario . Scenario 1 : The finance team

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Task 3 Your Tasks :" Read the following 3 scenarios and answer the questions attached for each scenario . Scenario 1 : The finance team has created budget forecasts for Hotel Futura based on carefully researched factors for the last 3 years and these were always very accurate . The recent budget which included all departments of the hotel was implemented 3 months ago and the forecasted figures for Food Cost and COGS / Beverages in both the Restaurant and the Bar Operations have blown out by nearly 4. 5 percent . What could be the reasons for this ? List 5 examples of areas you would investigate and explain why . Scenario ?` Hotel Futura has successfully operated for ? years . During this period , overall turnover has doubled , and during the past 3 budget periods annual budgets have been increased by 15*^ each year which was exceeded each time . During the last 6 months however , management has noticed that the opposite trend seems to be occurring now . List 5 external factors which could contribute to this and explain which methods you would use to determine* this

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