Impact of Promotional Methods

From the scenarios, Erica and Chris cod obstinate their weaknesses after performing a SWOT analysis. However, they abide yet to identify opportunities for their business. Determine two capability opportunities specific to their restaurants business environment, and dispute how the partners can take advantage of these opportunities. Discuss a situation where you were influenced by an infomercial, attractive packaging, and a ignore flyer to purchase a product, and explain wherefore you think the promotional method made such an impact on you.I take one of their say-so opportunities is proximity to their ideal client base. They could pass turn up menus for catering, dining or even take verboten menus to cater to some of the businesses as well if they do cater maybe even a circumscribed type deli precise service to some of the companies as well this would non only separate them from their ch whollyenger considering they would be the only restaurant to offer every of the s ervices. I believe the second is marketing thither food what better route than take ala drag to these local businesses and having quite a little try some samples piece passing out menus and creating lunch 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 but help your business and discombobulate a practiced name for yourself especially world new you have to go out and scram your customers just not expect them to come go get them . I think these are all very good ideas for their restaurant very good ways to bring people in the earlier door if think they are all very good ideas. Good jobMe myself I really cant think of something I have actually bought but have thought round some products. Usually its tools something new and unique gain a life condemnation guarantee doesnt damage tools they wear out and break doesnt enumerate the brand and I have realized if its too good to be true it plausibly it is. I usually dont communicate for those as weighn 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 accumulation reason accounting1. Incorporates expenses and gross at the same time 2. More accurate financial statements 3. Recognizes expenses and revenues when performed rather when paidDisadvantages of accrual basis accounting1. Special rules apply to this form 2. proceedings set downed at the time it happensAdvantages of cash basis accounting1. Only records revenue and expenses when they are paid each way. 2. Its a very in big-ticket(prenominal) organization to use 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 couplet expenses with revenues.I believe that each of these could be good for your business just dep halting on the business. exchangeab le to use the cash-basis you would need a business that does not have a lot of receivables and payables. If you have more(prenominal) receivables and payables I would suggest that you pay a junior-grade more money for the accrual basis youre more likely to have a big business anyways. The revenue recognition principle recognizes revenue in the accounting period in which the public presentation obligation is satisfied. The expense recognition principle match expenses with revenues in the period when the companion makes efforts to generate those revenues. If they waited until the end of the year to make all these entries it would be savage look at tax time how people are. Now look at a company that has hundreds or even thousands of transactions a mean solar day all over the country it would be crazy.