WorksheetsRevenue Management F&B Services 🍎
Total questions: 10
Worksheet time: 2mins
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
