Posted by & filed under Managerial Accounting, Student life.

Description: Decorated in the famous blue, Tiffany’s on Fifth Avenue, New York City, has opened a cafe. Now you too can have your breakfast at Tiffany’s, a notion made famous by Audrey Hepburn’s classic 1961 film. Breakfast doesn’t come cheap at $29 a plate. Or you can sit down for afternoon tea at $49 a shot.

Date: November 10, 2017



Discussion Points:

1) If you were visiting New York, would you be willing to plunk down $29 for breakfast at Tiffany’s on a student budget?

2)  Do you think that this cafe will attract a steady stream of business?

3)  Would managing costs be different in a high end restaurant like this versus in much less expensive breakfast cafe?

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