200-300% of the investment – if handled right. Are you handling your restaurant right? Let us run a fast diagnostic check up. What do you need in order to increase your restaurant profit margin? Increased patronage is one possibility. The more people that come to your restaurant‚ the higher your sales and profits will be. Another possibility for improving the restaurant profit margin is to promote the most profitable items on your menu. Identify the most profitable items and promote them well
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find that video games can actually have many benefits: The main one is making kids smart. Video games may actually teach kids high-level thinking skills that they will need in the future (“University of Wisconsin psychologist”). "Video games change your brain‚" according to University of Wisconsin psychologist C. Shawn Green. That’s mean playing video games change the brain’s physical structure the same way as do learning to read‚ playing the piano‚ or navigating using a map. So‚ it gives the brain
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when I may take a vacation. Since there is no work or school for a while‚ I feel free already. Moreover‚ if the money is right‚ I will travel out of town to visit friends or relatives. Sometimes‚ I may just go sightseeing some place new. No matter what‚ I make sure to take some time to just relax. Finally‚ this is the best time to go to the beach. There is nothing like a swim in the ocean to cool off on a hot summer day. Moreover‚ if you cannot find me in the water‚ then I am probably laying
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Essay on the topic «WHAT ARE THE MOST IMPORTANT VALUES OF YOUR GENERATION IN YOUR OPINION? » (UNIT 1) Every generation has diverse characteristic traits in line with their time’s requirements‚ opportunities and difficulties. My generation may be the most interesting one among last generations because we have been encountering many huge changes about our lives. That is why‚ my generation has numerous differences with my parents’ generation live getting in touch with cutting edge technologies‚ being
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of Price elasticity and Income elasticity of demand. Ans: There are many practical applications of price elasticity and Income elasticity of demand which are discussed as below. (A) Practical application of price elasticity of demand : 1. Production planning: It helps a producer to decide about the volume of production. When the demand is elastic‚ a producer has to produce different quantity of product and fixed quantity when the demand is inelastic. 2. It helps in fixing the prices of
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Economics The demand and supply schedules for gum are given in the table. a. Draw a graph of the gum market‚ label the axes and the curves‚ and mark in the equilibrium price and quantity. b. Suppose that the price of gum is 70¢ a pack. Describe the situation in the gum market and explain how the price adjusts. c. Suppose that the price of gum is 30¢ a pack. Describe the situation in the gum market and explain how the price adjusts. d. A fire destroys some factories that produce gum and the quantity
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Three types of Market Structure Market structure can be described in terms of how much competition a seller has and the proportion of the market share they hold. Monopoly – one person or company dominates provision of a particular product or service‚ in the absence of competitors. Consumers do not have a choice for provision of the product in question. A monopoly can ‘call the shots’ on their product (price‚ availability etc.) as there is no alternative on offer to consumers. Monopolists
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aware of demand curves; however‚ it is rare that they actually know how to recognize those curves. In order to make sound business decisions‚ it is important to be able to recognize certain elements of a demand curve. For instance‚ if Apple raised its prices by five percent‚ what would happen to its revenues? The answer to this question depends on the response of Apple consumers. Will the consumer refrain from making purchases completely or just cut back on them? How a consumer responds to price changes
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18.2 Good or Service Mr. Gulash lived in Shelton‚ Connecticut. He wanted an above- ground swimming pool installed in his backyard. Gulash contacted Stylarama‚ Inc. (Stylarama)‚ a company specializing in the sale and construction of pools. The two parties entered into a contract that called for Stylarama to “ furnish all labor and materials to construct a Wavecrest brand pool‚ and furnish and install a pool with vinyl liners.” The total cost for materials and labor was $ 3‚690. There was no breakdown
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Recruitment in a Changing Labor Market Mitchell Shipping Lines is a distributor of goods on the Great Lakes in the United States. Not only does it distribute goods‚ but it also manufacturers shipping containers used to store the goods while in transit. The name of the subsidiary that manufactures those containers is Mitchell-Cole Manufacturing‚ and the president and chief executive officer is Zoe Brausch. Brausch is in the midst of converting the manufacturing system from an assembly line
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