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Hotel Management School is an initiative to bring Hospitality management expertise to practicing hotel management staff and professionals. Traditional hotel management schools deals mostly with theoritical and book knowledge when it comes to practical hotel management aspects. we aim to bring real life hotel management situations to prepare staff and take up the challages by providing them professionaly crafted part term online hotel management courses.so that they can learn while working. Our hospitality courses are prepared by instructors having hands on experience in hotel management and training. We are committed to provide quality hotel management learning with practical assignments and related industry experience to our learners and followers.. Hotel Management employees always need to upgrade their skills for getting promotion and advancing their careers.

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Restaurant Management - Pricing your menu items using data

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Course Specialization : Hotel Management and Catering Technology

Program Level : Specialized Program

Mode of Study : Online

Location : Yangon/Myanmar

Minimum Education Required: High School

Posted : 10 Nov 2024

Duration : 1 Hours

Website : Go To Website

Fees Details

Local Fees Details : USD 10

International Fees Details : USD 10

Description

Menu pricing is the engine behind your company\'s success, as sales are your restaurant\'s sole source of revenue. Pricing for food directly impacts your ability to fund essential aspects of your business, including equipment, utilities, labor, ingredients, and more. When creating or updating your menu, follow tips in this course effectively price your menu for maximal profits.

menu pricing need to be able to cover variable and fixed costs
it needs to be aligned with market forces.

In this course, we will learn how to calculate effective recipe cost and price based on that cost. we will also learn how fixed cost and overheads impact the pricing of menu items and how we can factor such cost in pricing.