Name two Pricing strategies that we learned about this week.
How and when are they applied ?

Now that you know how to price a menu and the strategy behind it, in your menu project, which pricing strategy are you going to use and why?

Respuesta :

The two main Pricing strategies for a menu restaurant includes:

  • Cost plus pricing
  • Value pricing

What is a Pricing strategies?

This refers to a method used to establish the most suitable price for the product or service offered to customers.

This strategy allows an organization/entity to choose their prices to maximize profits while also considering their consumer and market demand.

For a menu restaurant, the pricing strategy are usually based on restaurant costs, recipe costing, dish costs in order to set a menu price to maximize margin.

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