Factors to be considered while fixing selling price

Every manger is trying constantly to increase the sales in order that profit can be maintained or increased in the face of constant higher costs. In attempting to maintain profitability, one must recognize those factors that cause customers to patronize food operation over another. They are as follows.

  • Location of Business
  • Differentiated Product
  • Acceptable Price
  • Pleasing Décor
  • Portion Sizes
  • Quality Product
  • Services
  • Variety of Menu Items

The factors are not ranked in any particular order. Every customer has his own important reason for patronizing a restaurant, and these will change under varying circumstances. To some, the food quality might be single important factors for patronizing one restaurant over any other and for some it might be location for other it might be prices of menu items etc.

Amit Kumar
Amit Kumarhttps://hmhelp.in
Hii! Welcome to My digital home, I am Amit – an almost no-code generalist, helping businesses with their online presence using WordPress and other tools and simplifying some of their operations with ideas and automation. A psychology and philosophy geek by interest and a graduate in Hospitality Management. I founded hmhelp during college, which got me into WordPress. I am a highly motivated and results-oriented professional with a proven track record of success in the hospitality industry. I’m also a Digital Marketing Enthusiast with significant academic and practical experience managing digital content across multiple platforms. Skilled at SEO optimization, developing digital content for social media platforms, I offer extensive knowledge of multiple software programs, strong attention to detail, and extraordinary communication skills. If you are interested in talking about any of the topics I have mentioned on my website, you are in the right place. You can contact me or learn more about what I do. You can also connect with me on social networks.

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