High+School+Food+Court+Know+–+Need+to+Know+for+2A

=Emails: = =Know – Need to Know for 2A=

=**//__ Problem Statement __//**= = How can we, as....the Student Council = = = = do...select 5 restaurants out 12 = = = = so that... students will be happy and we earn as much money as possible =

What do we know?

 * no set up fees
 * 20% of profits for Stu Co
 * same space requirements
 * 4 year contract
 * justify selections to the School Board
 * President of the SB is an economist
 * closed campus
 * happy people - make students happy - utility
 * want yummy food
 * 12 restaurants
 * variety food choices
 * some say they have low prices

What do we need to know?

 * consumers' tastes
 * what are the 12 restaurants
 * profits
 * popularity
 * students' income
 * supply of each restaurant
 * cost of meals - prices
 * # of students
 * menu - veggie? organic?
 * opportunity cost - next best restaurant
 * speed of food production
 * inflation - change in prices over time
 * contracts - can we keep prices fixed?
 * technology, equipment
 * health & hygiene