Financial Decision-Making in the Foodservice Industry

Financial Decision-Making in the Foodservice Industry
Author: Amit Sharma
Publisher: CRC Press
Total Pages: 274
Release: 2019-12-20
Genre: Business & Economics
ISBN: 1000005674

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The study of decision-making in foodservice is still a relatively new area of scholarly interest. The application of cost-benefit analysis and behavioral finance and economics in the foodservice context is rare. This volume, Financial Decision-Making in the Foodservice Industry: Economic Costs and Benefits,fills that gap and focuses on cost-benefit analysis, decision-making, behavioral finance, economic theories, and their application in foodservice and restaurant industry. The volume synthesizes these major themes by developing new theoretical foundations and presenting findings from the investigation of managerial practice. The authors cover an abundance of topical issues, including ethical obligations in foodservice, sustainability issues in the foodservice/restaurant industry, farm-to-school and local food expenditures in school foodservice settings, managerial traits and behavior in the foodservice industry, and more.

Financial Decision-Making in the Foodservice Industry

Financial Decision-Making in the Foodservice Industry
Author: Taylor & Francis Group
Publisher: Apple Academic Press
Total Pages: 282
Release: 2021-12-13
Genre:
ISBN: 9781774635162

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This volume, Financial Decision-Making in the Foodservice Industry: Economic Costs and Benefits, fills that gap and focuses on cost-benefit analysis, decision-making, behavioral finance, economic theories, and their application in foodservice and restaurant industry.

Indian Tourism

Indian Tourism
Author: Nimit Chowdhary
Publisher: Emerald Group Publishing
Total Pages: 180
Release: 2022-08-22
Genre: Business & Economics
ISBN: 1802629394

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Indian Tourism brings together leading experts from all over the world to assess the challenges and opportunities of the tourism sector in India and its correlation to the country’s economic performance and prospects.

Financial Management for Hospitality Decision Makers

Financial Management for Hospitality Decision Makers
Author: Chris Guilding
Publisher: Routledge
Total Pages: 252
Release: 2007-08-22
Genre: Business & Economics
ISBN: 1136403183

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Financial Management for Hospitality Decision Makers is written specifically for those 'decision makers' in the industry who need to be able to decipher accountant 'speak' and reports in order to use this information to its best advantage and achieve maximum profits. The area of accounting and finance is a vital but often inaccessible part of the hospitality business. However, having the knowledge and the ability to use it properly makes all the difference to the turnover and success of a business. Financial Management for Hospitality Decision Makers is written specifically for those industry executives who need to be able to decipher, appreciate and utilise valuable financial management tools and techniques in order to realise maximum profits. Highly practical in its scope and approach, this book: · Outlines the procedure and purpose behind various financial activities - including budgeting, year-end financial statement analysis, double-entry accounting, managing and analysing costs, working capital management, and investment decision making · Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base · Clearly highlights the key financial issues you need to consider in a host of decision making situations · Includes a range of problems to help readers appraise their understanding of concepts - with solutions provided for lecturers at http://textbooks.elsevier.com. At all times, the book rigorously applies itself to the specific needs of the hospitality decision-maker, contextualising and explaining financial decision making and control in this light. Combining a user-friendly structure with frequent international cases, worked examples and sample reports to illuminate the theory, Financial Management for Hospitality Decision Makers is ideal for all students of hospitality, as well as being a vital source of information for practitioners already in the industry.

Strategic International Restaurant Development: From Concept to Production

Strategic International Restaurant Development: From Concept to Production
Author: Camillo, Angelo A.
Publisher: IGI Global
Total Pages: 497
Release: 2021-04-09
Genre: Business & Economics
ISBN: 1799843432

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Foodservice industry operators today must concern themselves with the evolution of food preparation and service and attempt to anticipate demands and related industry changes such as the supply chain and resource acquisition to not only meet patrons' demands but also to keep their competitive advantage. From a marketing standpoint, the trend toward a more demanding and sophisticated patron will continue to grow through various factors including the promotion of diverse food preparation through celebrity chefs, mass media, and the effect of globalization. From an operational standpoint, managing and controlling the business continues to serve as a critical success factor. Maintaining an appropriate balance between food costs and labor costs, managing employee turnover, and focusing on food/service quality and consistency are fundamental elements of restaurant management and are necessary but not necessarily sufficient elements of success. This increasing demand in all areas will challenge foodservice operators to adapt to new technologies, to new business communication and delivery systems, and to new management systems to stay ahead of the changes. Strategic International Restaurant Development: From Concept to Production explains the world of the food and beverage service industry as well as industry definitions, history, and the status quo with a look towards current challenges and future solutions that can be undertaken when developing strategic plans for restaurants. It highlights trends and explains the logistics of management and its operation. It introduces the basic principles for strategies and competitive advantage in the international context. It discusses the food and beverage management philosophy and introduces the concept of food and beverage service entrepreneurship, restaurant viability, and critical success factors involved in a foodservice business venture. Finally, it touches on the much-discussed topic of the food and beverage service industry and sustainable development. This book is ideal for restaurateurs, managers, entrepreneurs, executives, practitioners, stakeholders, researchers, academicians, and students interested in the methods, tools, and techniques to successfully manage, develop, and run a restaurant in the modern international restaurant industry.

Oswaal CBSE Competency Focused Questions (with MCQs & Case/Source Based Integrated Questions) | Chapter-wise | Class 12 | Commerce Stream | Accountancy | Business Studies | Economics | Mathematics | For 2025 Exam

Oswaal CBSE Competency Focused Questions (with MCQs & Case/Source Based Integrated Questions) | Chapter-wise | Class 12 | Commerce Stream | Accountancy | Business Studies | Economics | Mathematics | For 2025 Exam
Author: Oswaal Editorial Board
Publisher: Oswaal Books
Total Pages: 369
Release: 2024-08-06
Genre: Study Aids
ISBN: 9362390574

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Welcome to a fresh approach to assessment and learning through this comprehensive book, designed as a versatile learning tool featuring a variety of typologies. Assessing the application of knowledge and skills to real-world contexts and using authentic problems which draw on real-life data are key features of Competency-Based Education (CBE) assessment promoted by the CBSE. A Holistic Approach to Learning: Education today is not just about knowing and recalling; it is about developing competencies that enable critical thinking, problem-solving, real-life application and adaptability. This book offers a holistic approach to learning, covering a wide range of subjects. Each subject is examined using various question formats, ensuring students are well-prepared and confident in tackling competency-based questions. Enhancing Competencies: Our aim is not just to prepare students for exams but to foster a deeper understanding and proficiency in each subject area. This book is designed to enhance various competencies using: 🌟 Bloom’s Taxonomy for each question 🧠 Core Concepts for Quick Recall 📊 Levels 1 & 2 Questions from Core CBSE Resources 📖 MCQs & Case Based Questions for extensive practice 📚 Detailed Answers for conceptual clarity Structured Learning Path: Each section of the book is meticulously structured to guide students through a progressive learning path. Beginning with fundamental concepts and advancing to more complex applications, the book ensures a gradual and comprehensive build-up of skills. Education is a journey of discovery. This book equips students to navigate modern education's complexities, fostering confidence and curiosity for academic excellence. Embark confidently, and happy learning!

Food Service Organizations

Food Service Organizations
Author: Mary B. Gregoire
Publisher: Pearson Academic Computing
Total Pages: 552
Release: 2012-04-01
Genre: Food service management
ISBN: 9780132965118

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Organized around the well-proven foodservice systems model, FOOD SERVICE ORGANIZATIONS: A MANAGERIAL AND SYSTEMS APPROACH, 8/e provides detailed and current information on how managers can optimally transform human, material, facility, and operational inputs into outputs of meals, customer satisfaction, employee satisfaction, and financial accountability. Blending theory and practice, it gives foodservice managers a strong empirical base for managing operations. After thoroughly introducing the model, it presents in-depth coverage of each functional subsystem: procurement, production, distribution, service, safety, sanitation, and maintenance. Next, readers master today's most relevant leadership, communication, decision making, HR, financial, and marketing techniques. The book concludes with a full section on system outputs, including methods for evaluating them. This edition adds new coverage