Julias Food Booth case problem Essay Example | Topics and Well Written Essays - 1000 words

Julias Food Booth case problem - Essay Exampleobsession with figures and data has conduct to the development of these methods and they are applied in multiple fields from applied physics to management sciences (Chen & Wang, 1997).Julia Robertson faces a challenge of knowing the probable number of units she should distribute before making a profit of $1000. She is planning to sell one piece of hot dog and pizza for $1.50 while, she is looking to vend barbecue devise for $2.25 and her total budget is $1500. The pizza, hotdog and sandwich will cost her $0.75, $0.45 and $0.90 respectively. Following is the tentative linear model that will be applied in align to determine the number of units of each merchandise type that should be sold to make 1000 bucks in each game.According to the results obtained by running a solver Add in in Excel, it was found that Julia is required to sell 100,000 units of all merchandise before she can think about earning 1000 bucks. The final stage of Julia is just too large for a business of vending edible products during a football match. The audience is going to be just more than the address number of customers and therefore, the opening of a booth will be a risky endeavor to say the least. The competition which Julias booth will be facing is also going to be immense in nature because Tech Athletic Department will also be selling drinks and forage items in the stadium. The customers shall prefer to purchase items from the same install rather than wandering around seeking stalls of different natures (Baron & Tang, 2011). The Tech manages matches as events and it can be understandable that they must have obtained substantial sponsorships. The provision of food items is not a proper business but it is provided out of sponsors money. So opening a booth in order to sell food items is not a feasible business venture and Julia will be better off if she decides to find the idea off from the table and search other options of financing for her studies.Julias consideration for taking loan from