Restaurant Rescue
Lab Description
In this lab, we will immerse students in the challenging world of investment decision-making through a real-life scenario.
The storyline begins with a revelation from the restaurant owners, Bill and Lydia, acknowledging the existence of a significant problem that has plagued the business for months. As one of the shift leaders, students find themselves presented with a unique opportunity and an immense responsibility—to spearhead a renovation project that could potentially turn the business around.
Students are given an initial amount of $100,000 and they have to make decisions on how much money to invest in the four areas of the business - Advertisement, Hiring Workers, Training Workers, and Buying Equipment. Their target is to adjust the investments so that the expected net return is more than $220,000
Students will use ROI, Marginal ROI, Gross Margin, and Net Margin computations to understand how Financial Metrics help to make better decisions
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