Revenue Management
my school follows the Harvard referencing guide. attached below.
I have attached an example revenue management from a previous essay on another term.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper Nowmy task is to write a section based on revenue management techniques. based on the interview and using secondary sources in example. do not copy or plagiarism.
Here is the interview we did on a restaurant named Lift located in Atyrau in Kazhastan.
1) Each food/dish offer in the menu is calculated to a grammage of each ingredient. Then we get a net cost of a dish. The selling price in average is a net cost increased by 200% to 300%. This added value includes all expenses like cooker and waiter salary + depreciation of equipment.
3) Part of everyday revenue goes for procurement of everyday used products of kitchen and bar and for other needed stuff.
4) Since we are considered as a small-sized business the tax is 3%
5) Since we just closed our first year of operation there is only 1 fixes annual expense info (63.000.000 KZT). Profit is a confidential info.
6) Difference in revenue for a restaurant and bar depends on a period of a month and number of holiday on each month. Usually revenue decreases in the end of a month cause people run out of money and they wait for a salary.
7) Its occupied for 60% on weekdays and over-occupied on weekends.
8) Special offers are only personal discount cards for our regular guests.
9) Majority of guests are mainly locals. And around 20% are expats who work in Kazakhstan.