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Forecasting sales of location based businesses Team Exercise The scenario: You are planning to open...

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Forecasting sales of location based businesses Team Exercise The scenario: You are planning to open a new grocery store in an up-and-coming neighborhood. After you did your market research you know that about 600 people come to the street every day. One out of ten will enter in the store and one out of five people coming to the store will buy grocery. The average purchase in a grocery store is $80. If your store is opened 30 days a month, what would be your sales forecast

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