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There is a fine line between setting a price for a particular menu item where a potential customer will either feel like its a good value, or its to high for what you get.
Many restaurants "over-portion" to help the "good value" aspect of their customer's experience, taking the focus off of what you as a guest paid for that particular menu item.
Average food costs in the restaurant industry range from 21% - 25% in fast food, 28% to 34% in full service casual, and upward of 40% for fine dining.
Suppose you own a full service casual restaurant in your hometown, and want to serve whole - live lobsters on your menu. Wholesale costs for live lobsters is $ 8.95/lb and each lobster weighs an average of 1.25 lbs.
Based on what you've learned in chapter 7, what is your personal philosophy on menu pricing vs. profit and what would you charge for a 1.25 lb lobster on your menu (assume its a la carte).
Instructions: Your initial post should be at least 250 words.
There is a process which must be developed also then followed to help ensure a successful portfolio. Let's start this discussion by examining what decisions must be made before a project is actually looked at or considered. So where do you start i..
Layout decisions affect a wide range of facilities, from factories, supermarkets, offices, department stores, and warehouses, to malls, parking lots and garages, and kitchens. Layout is also important in the design of some products such as the interi..
State what actually occurred in the case regarding Kotter’s steps 3 and 4 of developing a vision and strategy and communicating the change vision
Discuss why patients are often reluctant to complain about their abusers and caregivers.
Which bus is the better choice based on a? life-cycle analysis?
Michaels, a police officer with the Shelbyville Police Department, was dismissed for violating the city’s sexual harassment policy.
Explain what is involved in building capabilities internally? What steps are required? How much time does it take? How hard is it? Support your answer. How does your case study company do this?
MGT101: What are the problems and benefits associated with each strategy? What would be the best choice of action?
Discusses four types of perceptual distortions: stereotyping, halo effects, selective perception, and projection.
Case Study: Forecasting at Hard Rock Café
Self-awareness - Please identify your habitual thinking patterns (beliefs), emotions, and behaviors that prevent you from achieving personal mastery.
Analyze the financial and privacy impacts of breaches to health care information systems and make at least two recommendations for preventing such breaches in the future
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