Revenue Management F&B Services 🍎

Which value-related factor does a revenue manager seek when he monitor others food-service operators?

• Service Level

• Location

• Competition

• Product Quality

Guest are willing to pay more for the same product when service levels are _________?

• Lowest

• Higher

• Equal

• Break-even

Which menu pricing systems includes prime costs?

• Contribution margin

• Product cost : plus

• Product cost percentage

• None of the above

What is formula used for single food menu item?

• 
• 
• 
• 

Plow Horses refers to menu items with low popularity and low contribution margin

• True

• False

Price blending is the process of pricing food and beverage products with different ______ in such a way as to optimize revenues in a least cost manner.

• Cost production

• Cost control

• Cost ratio

• Cost per item

________ plays a role in determining menu pricing because their size directly affect cost.

• Portion size

• Sales mix

• Product quality

• Service level

What is price blending?

• One of the most tests of abilities of food-service revenue managers and is the one that should most heavily influence menu pricing decisions.

• The effective pricing that can help demonstrate to guests the desirability of coming and of bringing friends with them

• The process of pricing food and beverage products with different cost ratios in such a way as to optimize revenues in a least cost manner.

• Amount spent per visit by each restaurant guest during a designated time period or calendar period

What is restaurant row ?

• Contrast that with operator who is the one of ten seafood restaurants on a tourists town’s restaurants row

• An industry slang for a geographic area that contains multiple and competing food-service operations

• Food service operators in these locations are able to charge premium prices because they have, in effect, a monopoly on food sold to the visitors.

• Amount spent per visit by each restaurant guest during a designated time period or calendar period

RM operator provides a pleasing and popular_______ is selling more than food and thus able to justify increased in price

• Competition

• Product quality

• Image

• Ambiance