Term
|
Definition
favorable relationship or position relative to one or more characteriscs of a competior |
|
|
Term
|
Definition
amount of cash available to an operation |
|
|
Term
|
Definition
| cost of an item before all trimming, fabrication, and cooking |
|
|
Term
|
Definition
| cost of an item as it is served to the costomer |
|
|
Term
| Cooperative or Co-op buying |
|
Definition
| process of joining with others to collectively purchase products |
|
|
Term
|
Definition
number of customers served;
one customer = one cover |
|
|
Term
|
Definition
| number of customers and times at which an operation has served those customers in the past |
|
|
Term
|
Definition
| savings that a multi-unit business generates for itself by sharing the cost of purchasing goods and services |
|
|
Term
|
Definition
| cost of an item after all trimmings and fabrication (but before cooking) |
|
|
Term
|
Definition
| business system that an independent owner buys from a company, along with the right to use the company's name, logo, and products. |
|
|
Term
|
Definition
| measure of popularity of a specific menu item in relation to other items in its category and the popularity of one menu category relative to other categories. |
|
|
Term
|
Definition
| entire process by which products and services are selected |
|
|
Term
|
Definition
| process by which products and services are chosen based upon quality and cost |
|
|
Term
|
Definition
| money remaining after all operating expenses have been paid |
|
|
Term
|
Definition
| obtaining products of a desired quality at a desired price |
|
|
Term
|
Definition
| company that sells a product or service |
|
|
