- Explain the challenge Elizabeth faced in meeting her capacity needs. What should she have considered before moving into the larger facility? Biddy’s Bakers was started as a hobby by Elizabeth and some of her friends. It took Elizabeth some time before she could break even and start garnering revenue from the bakery business. The decision to move into a larger facility was taken suddenly without trying to analyze whether the bakery needed a bigger facility. Also Elizabeth overestimated the capacity of growth and revenue she could collect from the bakery business before taking the decision to purchase a larger facility. ...
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Acconting And Financial Plan For Magical Health Goodies
DESCRIPTION OF BUSINESS
Objective of Business To offer baked cookies, pastries and cakes that are low in calories To offer customized bakeries as per specific customer preferences and desire. Employees HiredAt the initial stages of the business, only one employee will be hired. This employee will act as a personal assistant to the sole-proprietor of the business. The employee will assist in taking orders, delivering them and managing the business.
The decision to hire one employee is advantageous to the business as it ensures that at the early stages of the business the amount allocated ...
Description of Business
“Magical Healthy Goodies” is a home-based business, selling low-calorie healthy cookies, cakes, and pastries. Business objectives, which are specific clearly defined targets, are the following: starting from December 2010, to increase sales twice by the end of February 2011, and achieve sales of $15 000 in the following 6 months. In order to do this, sole proprietor of the business Ms. Fatmah Hemdan will hire one personal assistant Ms. Alyaa Mohamed, who will be helping with orders, deliveries, and overall management. The business will use social media marketing, namely Facebook group, to promote their products. Social media activities will include ...