Bees Coffee Shop Help a friend determine whether opening a coffee shop is a good idca. A friend comes to you for business advice. You're having lunch with an old friend from university, and she's looking for some business advice. She is thinking of opening a coffee sbop in Maka, Istanbul. She sees potential in this business but wants your help in determining whether opening a coffee shop is a good idea. What do you think? You show your proposed framework to your friend, and she really likes it! She's especially interested in figuring out how beg the market is to best estimate how moch coffee she can sell. She knows the market probably includes commuters, visitors, efc. but for now, she wants you to focus on Macka residents alone. - How do you estimate the size of the market? Assume that Maka has a population of 100,000 people and, on average, each drinks I cup of coffee per day. Answer: Now that you have the market size, your friend wants to gain a better understanding of how much coffee she would noed to sell to break even in her first year. - How much coffee does she need to sell to break even in the first year? Here is some additional information: - Price per coffee =3 TRY - Cost to open shop =245,610 TRY - Cost to run shop cach year - 163,740 TRY - Cost per cup of coffec-1 TRY Answer: - After running through the calculations, de you think it's reasonable for her to open up a coffee shop