assets/onboarding/advisory-brief.md

# Fictional advisory exercise: Arco

This is a synthetic teaching case, not a real company or investment recommendation.
Arco sells one product in Italy. January revenue was EUR 120,000 against a
EUR 100,000 budget; COGS was EUR 72,000 against EUR 65,000. February revenue
was EUR 110,000 against EUR 115,000; COGS EUR 68,000 against EUR 69,000.
No evidence about the causes of either variance is supplied.
The director wants a short presentation explaining the variances, unanswered
questions and what additional evidence would help. Do not invent causes.