Question: i need help with this Case study P4 Description: Melinas Mexicali Caf has been the recent victim of a break-in and an armed robbery that
i need help with this Case study P4
Description: Melinas Mexicali Caf has been the recent victim of a break-in and an armed robbery that resulted in over $7,000 in cash being stolen. Concerned about her profits going out the door, along with the safety of her staff, the Owner, Melina Jimenez, is planning to switch over to a cash free operation. She wants to do away with accepting cash and only accepting payment by debit/credit card, and through new smartphone technologies, while recognizing that more and more restaurants are going cashless. Her clientele is primarily made up of young families with low to moderate income, which is reflective of the working-class community in which her restaurant is located. Melina is still debating her decision to go cashless, as she is most concerned about losing some market share in a cash-free operation. Answer the following questions in your own words. Describe the advantages and disadvantages of a restaurant switching to a cash-free payment system. Do you think that now is the best time for Melinas Mexicali Caf to go cash-free? What impact might this have on her customer base? If you were to open a restaurant today, would you consider a cash-free operation? Do you see all foodservice operations eventually switching over to a cash-free payment system? If yes, in how many years do you anticipate this occurring?
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