Question: You are opening a limited - time pop - up coffee stall in your campus's business building. Your pop - up will use the space
You are opening a limitedtime popup coffee stall in your campus's business building. Your popup will use the space of an existing sandwich shop that is only open from : am to : pm Monday through Friday. Your coffee stall will be open from : pm through : am the three weeks leading up to and during midterms and finals weeks. The sandwich shop already has a lot of things you need, like refrigerator space and display counters, but it doesn't have any coffee equipment.
Your university approved your popup for this semester, but those in charge want to see if you are successful before they approve your opening again in future semesters. Match each of the following data points you collected while operating your popup to an explanation of how you could use it to show your university where your popup was succcessful or failed.
Total number of coffees sold including all types
Total amount earned before depreciation
Can be used to forecast the need for ingredients, paper products cups napkins, etc. as well as times for the coffee shop to be opened should they be opened at a
Cost of all ingredients and supplies purchased Can be used with and to determine profits. PROFIT would be $
Can be used with to see what percentage of students were customers. This could also help with marketing materials should you do more student friendly deals to Can be used with to see what percentage of students were customers. Create a "loyalty program" to track your return customers to see if you are bringing in new
Cost of fixed asset purchases like espresso machine Long waits mean the popup was popular. Use this information to see if you need to employ more baristas to cut the wait time and potentially increase the flow of cus Using and to determine recovery on initial investment. Popup already earned enough to cover equipment purchaseit is out of the red after one semester.
Cost of paying baristas You need to sell at least cups of coffee to break even on the ingredient cost. If divided by days of operation, you would need to sell an average of cups of co You have employed two students who were making $ per hour job creation You can use wages paid to baristas to determine net profit.
Average wait time length of line
Total number of students who had finals during this time
Total number of customers
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