In the month of August, my school’s Business Management team decided to organize one event named Swappers Stop, in which students of grade 12 can volunteer and complete their CAS experience or project, so I decided to set up a food stall and serve food to the audience. Basically in this event, all the volunteers had to bring some or the other stuff like clothes, books, shoes, etc., and then these items can be swapped by the audience in exchange for points and the audience gets the items they require. But in my case, I and my friend Hridyansh had set up a food stall to serve the guests. We had decided to keep nachos with cheese dip as our food item and served them to our guests.
LO 1 – As a Business Management student we both had the understanding of doing food business this has helped us to keep the adequate price of nachos per plate covering our initial costs and giving us the profit margin and we had convenience for our customers to buy our product and they liked it a lot. This was the area that we developed after experiencing it through setting up a food stall in the Swappers Stop event.
LO 2 – We also faced many challenges and we were also restricted due to some limitations as we could only serve one product also it was difficult for us to assume the number of plates which is to be made because we were not having any estimate of how many guests were going to come this was the challenge which we were facing, but our estimation more accurate and some or the other we had sold all the nachos and generated a profit margin.
LO 3 – We had made a plan for how to set up a food stall, we both also went to many shops for knowing the price of nachos and how much discount we could get after buying a bunch from them. We had also searched about 2-3 recipes for how to make cheese dip and also about the garnishing part of our nachos and finally we had come to the conclusion that we will buy 30 packets of cornitos and one cheese dip and one bottle of jalapenos. This is how we made our dish.
LO 5 – We had skills and knowledge of business so we have calculated all the costs and also we have assumed the price which we need to place in order to gain profit. And by working collaboratively we had decided to have an equal share of profit or loss.