Before attempting price revision, which of the following questions should the manager answer?
A) Have prices changed recently? If yes, what effect on the volume of sales could be attributable to the price changes?
B) Is there a noticeable long-term trend in prices, and if so, what is it?
C) What types and amounts of discounts are in place in your restaurant?
D) All answers are correct
Correct Answer:
Verified
Q8: Typical menu pricing strategies include all the
Q9: Establishing prices based on _ can result
Q10: Cost plus markup pricing also could lead
Q11: Revenue has nothing to do with pricing
Q12: A menu designed solely from the perspective
Q14: As the contribution margin of an item
Q15: What should the potential food cost (in
Q16: Pricing strategy for a new product or
Q17: What should the potential food cost (in
Q18: Higher contribution margins will generate higher profitability:
A)
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