Accounting, Cost Reduction and Front of House - Hospitality Management Today

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Accounting

Cost Reduction

Front of House

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

NOVEMBER 30, 2023

Understanding and managing prime costs is vital for several reasons: Profitability: Prime costs, comprising both the cost of goods sold (COGS) and labor expenses, typically account for the largest portion of a restaurant’s expenses. Be prepared to adjust your calculations to account for seasonal fluctuations.

Portion Control

Portion Control Scheduling Pricing Training

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

DECEMBER 16, 2019

November and December purchases typically account for upwards of 50 percent of annual gift cards sales. While gift cards account for 6.3 Growth will initially be slow, as products are released in selected restaurants at premium prices and companies wrestle with scale up and cost reduction.

Events

Events Pricing Marketing Cost Reduction

Prime Costs: Understanding and Application for Restaurants

MRM Research Roundup: Mid-December 2019 Edition

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