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Food and Beverage Pricing Knowledge Check

Food and Beverage Pricing Knowledge Check

Q Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text The bottoms up approach to pricing considers net income (target net income) a cost of doing business because ___________. Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text The bottoms up approach to pricing makes the assumption that net income is a cost. Select one: Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text How do you calculate a Menu Item Contribution Margin? Question 4 Correct Mark 1.00 out of 1.00 Flag question Question text Managers would like to sell more menu items with a low contribution margin rather than hose menu items with a high contribution margin.

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1.The correct answer is: both net income and tax need to be built into the equation to solve for required sales revenue. 2.The correct answer is 'True'. 3.The correct answer is: Selling Price - Item Food Cost 4.The correct answer is 'False'.