Making Business Decisions

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The Broadway Café Making Business Decisions

Artrica Asbrook

Professor Schneider

June 9 2013

The Broadway Café has introduced information technology as a way to

improve the service and stay up with the 21st century. I will use this technology to develop and implement a database for the business. It will keep track of all products, inventory, employees information, and payroll.

The variables that I would want in my data mart to enhance my business and keep it up to date is product cost which I would rank number one. Not only would I take into consideration the cost of the labor required to deliver a service to a customer but also compensation. That would include payroll taxes, and employee benefits.

The products price would rank as number two. I would set a price that is valued to both my customers and the business. Making a price to high or too low can stop the business from growing. It can also affect sales and the flow of cash. I would take under consideration the benefits my products offers to , the customers and how the price effects their thinking of buying something. When I set a price I must remember that I have to make more money than the original price of the product. I also have to compare my prices to my competitors so my pricing is not to high or low.

According to Baltzan (2011) pg. 51, improving business processes is critical to staying competitive in today’s marketplace. Organizations must improve their business...