Financial Management
Restaurant Sales Forecast
Have you ever wondered how a restaurant manager knows how many staff to schedule, or how the chef knows how much product to order? Forecasting sales enables these and other questions to be answered. Watch the video to see what methods and considerations are used by managers to aid them in this task. While watching the video, consider the following:
a. List two reasons why forecasting sales is so important.
b. Compare forecasting for a seasonal operation and a year-round operation.
c. What two items need to considered when forecasting, besides regular business?
