Impact of Promotional Methods

From the scenarios, Erica and Chris have determined their weaknesses after execute a SWOT analysis. However, they have yet to identify opportunities for their business. Determine deuce potential opportunities specific to their restaurants business environment, and discuss how the partners asshole take advantage of these opportunities. Discuss a situation where you were influenced by an infomercial, glossy packaging, and a discount flyer to purchase a product, and explain wherefore you believe the promotional method made such an impact on you.I believe one of their potential opportunities is proximity to their ideal client base. They could fly the coop out menus for rendering, dining or thus far take out menus to cater to some of the businesses as well if they do cater maybe even a limited type deli really service to some of the companies as well this would not plainly separate them from their competition considering they would be the only restaurant to offer all of the servi ces. I believe the second is market there food what better way than take ala cart to these local businesses and having people try some samples while passing out menus and creating dejeuner specials for these business people.I believe this separates you from any other business in the area. I believe this with all fresh ingredients can do nothing moreover help your business and make a penny-pinching name for yourself oddly being new-made you have to go out and get your customers upright not expect them to come go get them . I call in these are all very good ideas for their restaurant very good ways to bring people in the front door if think they are all very good ideas. Good jobMe myself I really cant think of something I have rattling bought except have thought about some products. Usually its tools something new and unique plus a lifetime guarantee doesnt injure tools they wear out and break doesnt matter the brand and I have realized if its too good to be dependable it probably it is. I usually dont fall for those as seen on TV things seem way to fake for me or I wait to see if I know someone else that gets it to see how it works.Advantages of accruement basis accounting1. Incorporates expenses and revenue at the same time 2. More unblemished financial statements 3. Recognizes expenses and revenues when per divisioned rather when paidDisadvantages of accrual basis accounting1. Special rules apply to this form 2. Transactions recorded at the time it happensAdvantages of cash basis accounting1. only records revenue and expenses when they are paid either way. 2. Its a very in expensive clay to phthisis 3. More simple system to useDisadvantages of cash basis accounting1. Misleading financial statements. 2. Fails to record services performed but not paid yet 3. Does not match expenses with revenues.I believe that each(prenominal) of these could be good for your business just depending on the business. Like to use the cash-basis you would need a business that does not have a standoff of receivables and payables. If you have more receivables and payables I would suggest that you pay a diminutive more money for the accrual basis youre more probably to have a bigger business anyways. The revenue recognition rule recognizes revenue in the accounting period in which the performance compact is satisfied. The expense recognition principle match expenses with revenues in the period when the fraternity makes efforts to generate those revenues. If they waited until the end of the year to make all these entries it would be weirdy play at tax time how people are. Now look at a company that has hundreds or even thousands of transactions a day all over the country it would be crazy.