Question: Chi Pho restaurant opened in 2 0 2 2 and struggled to build a customer base for lunch, dinner, or event catering options. When the
Chi Pho restaurant opened in and struggled to build a customer base for lunch, dinner, or event catering options. When the owners were planning the restaurant, they had projected they would sell to bowls daily with an average lunch price of $ They believed that dinner sales could generate between and bowls per day at $ per customer. However, the actual daily lunch and dinner totals were much less, and the owners were barely breaking even and wondered if they should close the business. However, Chi Pho began an aggressive promotion effort, offered lunch and dinner specials, and promoted the restaurant as a familyfriendly place where everyone could enjoy fresh pho dishes.
As a result of its marketing efforts, the restaurant is selling out of its products almost daily and has built a takeaway business as well. It is selling lunches daily with an average price of $ and approximately dinner plates at $ The owners are pleased with the revenue stream they are generating from the restaurant and are considering opening a second location or adding space to accommodate more customers at the existing location.
Using the data regarding the number of bowls sold and the average order amount generated, what kind of analysis can the owners of the restaurant perform to assist them in understanding their business opportunities?
Group of answer choices
Marginal cost analysis
Sales analysis
Engagement analysis
Profit analysis
Advertising analysis
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