By using the P-value to test the significance of the independent variables, you will notice that 2 of your independent variables are significance on the .05 level. (Price and Competitor Price). This is because they P-value are lower than .05. (Price = .0000554, competitor price = .000146656). Advertising is significant on the .10 level (AD = .010) In order to do the forecast, the Pizza Company would have to use this formula to calculate the four (4) periods.
The firm needs more attention to a solid marketing effort including a website design and website launch and it needs to find alternate means of financing beyond its current sources. In 2003 and 2004, more than 52% and 60% of the customers felt that they paid more for the merchandise that the merchandise was worth. Kudler Fine Foods will employee a generic strategy of focus. Kudler Fine Foods will serve their niche market that is the gourmet chef and people that appreciate and are willing to pay for high quality, specialty, organic and locally grown foods. “A firm pursuing a focus strategy is willing to service isolated geographic areas; to satisfy the needs of customers with special financing, inventory, or servicing problems; or to tailor the product to the somewhat unique demands of the small- to medium-sized customer” (Pearce and Robinson, 2009, p.205).
Food cost managers will generate sales forecasts to reduce the carrying costs of inventory. Perpetual inventory management will track all in store inventory transactions. This includes ordering, receiving, selling, cycle counts, and inventory adjustments. An automated inventory system would allow Kudler fine foods to meet current and future customer demands. This would also save money on hiring and training employees to order products for the stores.
* Additional capital cost will not be incurred and the restaurant will be well positioned to take advantage of the growing population in Dawkins. To stay within the 90% production time, Livoria will have to reduce the estimated demand for eggplant to 88,000 increase working hours for employee 6 by 324 hours in 2015. This will provide a total working hours of 6,320 in 2015
Jaeger and Macfie (Jaeger & MacFie, 2010) states, ‘if a product is personally relevant to consumers, they are more likely to become involved in gathering information about the product and with the product itself’, this level of involvement is measured as high or low. Therefore, the involvement theory is the understanding that consumers will go through certain ‘more or less’ (2003) activities when making purchase decisions. McDonald’s ‘build your own burger’ campaign strategy further enhanced the level of involvement the consumer had with the product compared to what they were used to. However, whether consumers perceive McDonald’s as more ‘feasible exchange partner’ (Dwyer et al., 1987) compared to other options or not, was determined by whether the customer’s experience with the online platform, was a positive or negative one. Forming a relationship with the consumer actively reinforced a positive experience with the McDonald’s brand, and
JULIA’S FOOD BOOTH (Week 8, Assignment 1) Presented to: Dr. Kim Course: MAT 540 – Quantitative Methods Submitted by: F. Dahir Date Submitted: 09/09/2014 Assignment #1: Case Problem "Julia's Food Booth" A. Formulate and solve an L.P. model for this case. Identify the variables: P – Pizza Slices H – Hot Dogs B – Barbeque Sandwiches The objective is to maximize total project. Profit is calculated by subtracting the cost from the selling price. It was determined that the cost for hot dogs was $0.50 and barbeque sandwiches was $1.00. To determine the cost for the pizza slices, cost/slice = $6.00/8=$0.75.
A system is used to store, manipulate, analyze, acquire, retrieve and distribute important information. An HRIS system will help Human resource managers by providing them with more data on strategic levels and allow for the function of more efficient and better information for decision making. Business Assessment The Castle Family Restaurants has eight locations throughout Northern California. They currently have eight restaurants; only 40% of the employees are full time, with approximately 300-340 employees. In most traditional restaurants the food service managers are generally responsible for the daily operations of the restaurant.
California Pizza Kitchen Case FIN 4385 Eric Lundberg Kelly Deeds Kevin Pope Drew Williams Summary of California Pizza Kitchen Recapitalization Proposal * Brief history of CPK (p.3) * Reasons for CPK’s success (p.3) * Ways to facilitate the success of CPK (p.3-4) * Anticipated effect of changing the capital structure on return on equity (p.4) * Anticipated effect of changing the capital structure on cost of capital (p.5) * Expected number of shares of CPK that can be repurchased (p.6-7) * Anticipated effect of changing the capital structure on CPK’s stock price (p.6-7) * Our recommendation (p.7) In order to explore whether or not California Pizza Kitchen should change their capital structure, we must first look at the brief history of the firm to get a better idea of the corporate culture and the firm’s appetite for risk. California Pizza Kitchen started in 1985 and they have been rather successful given that 95% of all restaurants fail in the first two years. They did not fail and even went public in 2000. In fact, as of the end of the second quarter of 2007, CPK has 213 locations in 28 states and 6 foreign countries (Shumadine). The success of California Pizza Kitchen can be attributed to many factors.
Learning Team “A” Week Two Exercises Students Names ACC/400 Date Teacher’s Name * E7-2 * Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.) * * The six principles of internal control are: * 1. Establishment of Responsibility: In order to be most effective, only one individual should be responsible for a given task. In the scenario, one individual “a clerk” handles the cash, so if any shortages occur one can quickly assess who is responsible for the shortage.
You will need a block of yeast, oil, flour, sugar, soil and water to make your dough, as well as cheese, red pepper and anything you like to complete your favorite pizza, like chicken, for instance. You will also need some fresh tomatoes (canned will do as well), garlic, onion and spices to prepare the sauce. Having bought all of those, your wallet should not be thinner by more than half of what you would pay in a pizza parlor. When you have all your ingredients you should start by preparing the dough, as it needs some time to grow. First step to do that is to split the yeast block in two, so you will get approximately 5 deg.