Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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Applicability of SERVQUAL in restaurants: an exploratory study in a Portuguese resort Vera Patrício (vera.l.patricio@seg-social.pt) Rogério Puga Leal (rpl@fct.unl.pt) Faculty of Science and Technology‚ Universidade Nova de Lisboa‚ Portugal Zulema Lopes Pereira (zlp@fct.unl.pt) Faculty of Science and Technology‚ Universidade Nova de Lisboa‚ Portugal SERVQUAL is the most popular instrument to ascertain service quality. However‚ some debate exists about its ability to characterize different service
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Quilas‚ Kevin Braet D. Rapog‚ Shiela S. Ronolo‚ Isabel B. Sabio‚ Marilou P. INTRODUCTION There are different types of restaurants‚ some of these are the local restaurants known as chop bars‚ bar and restaurants‚ hotel and restaurants‚ fast-food restaurants‚ fine-dining restaurants‚ theme restaurants and casual dining restaurants. Regardless of its types‚ restaurants tend to manage its operation through integration of people‚ data and technology into a system. The use of Information Technology
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Restaurant manager A restaurant manager is someone who is the ’face’ of a restaurant and whose main responsibilities are to deal with customer service issues‚ as well as to ensure that the food quality coming out of the kitchen is the best it can be. He or she also deals with staffing issues and ensures that everything runs as smoothly and profitably as possible. The Duties and Responsibilities 1.Supervision The managers have to oversee the activities of the kitchen and dining room. Supervisory
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Case Study: Ginny’s Restaurant Team 6 1a. What is Vrginia’s current weath? Cash today Cash in one year Interest Net Present Value $2‚000‚000 $3‚000‚000 6% (NPV) = $2M + $3M/ (1+0.06) = $4‚830‚188.68 Virginia’s current wealth is made up of her $2 million in had and the present value of her future $3 million. 1b. How much can Virginia spend today? Without a loan If Virginia does not want to borrow from the bank‚ she can spend a maximum of $2 million. With a loan If Virginia makes use of a bank
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The Manager Spots 26 Addison Road Marlow Buckinghamshire SS4 4HT Dear sir/madam I am writing to complain about the unacceptable treatment that my family and I received in your restaurant. My family organized for us all to go to Spots for a birthday meal on 2 August 2009. A friend of ours had recommended it‚ so we were really looking forward to celebrate my birthday party in Spots. Unfortunately‚ the reality failed to live up to an expectations. First of all‚ we had to wait for
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was obvious from the first glance that batching strategy was the right one‚ as it was profitable. On the contrary‚ the non-batching strategy it was not profitable and there was a loss of $ 201.58. This is due to the fact that batching allows the restaurant to use fewer chefs which lowers the fixed costs maximizing the profit. We can also notice that in the cases of batching versus the cases of non batching there was an increase in the revenue from the dining room whereas there was also a decline
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Restaurant Review It was rainy‚ crowded and loud at the entrance‚ the smell of cigarette and rum filled the air of the lobby area. It was Saturday night at the T.G.I.F in San Francisco‚ the Giant’s were playing so the place was packed and fans were being loud. The restaurant is located on a corner nearby Pier 39 and it almost has an Aspen look to it. The building itself is made of bricks with big colorful windows and huge cherry finished wooden doors with brass handles. Inside
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masterfully employs descriptive writing strategies both to establish and to develop her main arguments in “The High Price of Butter.” Hicks chooses not to begin with the story of her 14-year-old self learning to appreciate hard work and sacrifice. Instead‚ she begins with a contemporary moment in which her adult self “stand[s] under the harsh white lights of the dairy case” comparing the price of margarine and butter (Hicks‚ 2015‚ p. 182). At first this organizational strategy threw me for a loop: I
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Memorandum A restaurant is a type of business that I would like to own after my graduation. My entire childhood was based on family restaurant‚ because my parents owned one. I liked the busy life style‚ and a place full of different people. I also liked challenges associated with it‚ and new ways of making the place better and more competitive. When I came to USA‚ I understood that this is what I want to do here‚ and I know that with some of my unique ideas I am able to create a successful
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