Answer7.docx - 1 What are chain restaurants Any restaurant...

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1. What are chain restaurants? Any restaurant with more than ten units. Any restaurant with Corporate Regulatory Structures. Any restaurant on the stock market. Chains are popular for a reason. 2. What are celebrity restaurants? A restaurant that is owned by a celebrity. 3. What are managed services? Where are they found? A managed services provider (MSP) is most often an information technology (IT) services provider that manages and assumes responsibility for providing a defined set of services to its clients either proactively or as the MSP (not the client) determines that services are needed. 4. What is forecasting? Why is it used? Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.
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