Report on Harvest Kitchen Shop

Added on - 08 May 2020

  • 12

    pages

  • 2245

    words

  • 14

    views

  • 0

    downloads

Showing pages 1 to 4 of 12 pages
Report on Harvest Kitchen ShopName............................................................Course Name...........................................................School ............................................................Department....................................................Lecturer name...........................................................Task Name............................................................Date........................................................................
IntroductionHarvest Kitchen is located at Sunshine Coast. It is a small health food shop. The Harvest kitchenis a business under retail sale, wholesale and a box delivery. The business started two years agoand still under process of establishment. Harvest Kitchen has organic industry that passionatelyable to feed the community, take care of the earth by being chemical free, farmer by creatingready market and customer who is the consumer by ensuring they consume chemical freeproducts ( Good Harvest, 2017).Harvest Kitchen being at its establishments stages like any other business has challenges. Onemajor challenge is finances. The business plan may have estimated amount required running thebusiness but some expenses come up. Harvest Kitchen experiencing competition from othercompetitors. These cause low sales in the kitchen thus low profit margins and the average salesof products through the year as well as seasons. The Harvest Kitchen requires managementstrategies. These ensure that profit made can run the business, to ensure it is self sufficient.The Harvest Kitchen management makes use of historic data to calculate profit, predict andforecast on future days.Statement of ProblemHistorical data was collected for the last one year of trading and descriptive and inferentialstatistics were used to answer the following research questions:What are highest selling health food products in sunshine coast?Where is the product with highest profit located in the shop?Do different months of year affect sales?Does payments method differ?Does different season affect sales?Does rainfall affect sales?Research MethodThe report utilized both descriptive statistics and inferential statistics analysis (Desaro S., 2011).Descriptive statistics are useful in explaining the distribution of data. In this study made use ofbar graph histogram and measure of central locations such as average and standard deviation.Inferential statistics were adopted to test hypothesis under study such as analysis of variance and
correlation, a measure association given by (r) = {n ∑x y ─∑x ∑y √ [n∑x2 ─ (∑x)^2 ]}÷{[n∑y2─ (∑y)^2] } and regression analysis at 5% level of significance (Neumann W., 2014)Data analysisDescriptive statisticsIBM SPSS version 20 was used for analysis. The data sets had no missing cases and variableswere probably scaled. Ordinal variable were weekday, month, seasons and date and all otherwere scale variables.Graph 1; the box plot of mean net sales of different seasonThe distribution of mean net sale was normal distribution. The mean net had no extreme values,with no very low sales nor very high sales. The observed value of sales does not vary much frommean net sales.
Graph 2; a bar graph of mean sale of productsThere is high sale of water and vegetable and fruits this may be affected by the location andclimate of Sunshine Coast. Water, vegetables and fruits have nutritional value and increaseimmunity of the body. The worst selling products include juicing, spices, snacks and herbal teas.The customers of Harvest Kitchen prefer organic products. Customers indicate to avoid citricacid products despite them being organic.
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document