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Word Count: 292
Transactions at the Home Cookin restaurant will be done in a very simple yet effective manner In the store there will be a counter with an electronic cash register All sales will be rung up using this register Cash transactions will be the simplest and most straight forward Customers wishing to pay with check must have identification Visa MasterCard and American Express are expectable credit cards but must be verified firstThe suppliers will not be paid in cash Our corporate office instead will pay them within 30 days Inventory will be taken every Sunday and Wednesday night The goal is to have the least amount of inventory left over as possibleCompany budgets for all expense items will be monitored by corporate Travel phone usage entertainment and other expense items may only be used for company related activities by the Managers It is the responsibility of corporate to make sure these expenses do not exceed the amount budgeted by for each account Sonitrol security systems will be on during all closing hours Cash will be secured through daily deposits in addition to keeping less than 200 in the cash drawer at all timesIf sales projections prove wrong we will take immediate steps to evaluate the cash flows cut expenses and propose a new adjusted projection for salesThere is much competition within the area of Muncie If these competitors made an attempt to destroy our market place or initiate a price war we would take the following actions-Emphasize uniqueness through advertising and promotions-Lower prices too comparable price of competitors itemsIf problems with management were to arise the corporation would need to access the problem and determine a solution Steps to be taken would include warning probation period or termination
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