Question: please help with 1 and 2! Use this sheet as your cover sheet. Staple your calculations and answer behind this sheet. You are planning to

 please help with 1 and 2! Use this sheet as your

please help with 1 and 2!

Use this sheet as your cover sheet. Staple your calculations and answer behind this sheet. You are planning to open an ice cream booth at a major bascball stadium. Since it is a new facility, you can only estimate how much ice cream you need to stock and that you will sell. Looking at another similar store in another stadiun, you discovered that they sell 20 flavors of ice cream, accounting for approximately $180,000 in sales a game. After observing their sales for several weeks, it appears that five of the flavors account for 75% of the sales. Planning for your ice cream store, you have determincd that you will sell 30 flavors of ice cream, and that you expect to sell $195,000 of ice cream a day since you are at a larger stadium. There will be 80 games this year at the stadium. Below are the flavors in order of what you think will be their sales popularity. |1] Create a table that shows: (A) the estimated percentage of sales for each ice cream favor. (B) the expected daily sales in dollars for each ice cream flavor, and (C) the expected yearly vales in dollar for each ice cream flavor. [2] Explain the 8020 curve concept that you used co create these estimates. It should be able to be understood by a non-SCM mamager. Be sure to include at least two advantages and two disadvantages of the 8020 curve concept

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!