Briefly explain how a restaurant might use each of the “five ways” listed below to adjust its short-term capacity levels. 1) Vary the price of goods or services 2) Provide customers with information 3) Advertising and promotion 4) Add peripheral goods and/or services 5) Provide reservations
Briefly explain how a restaurant might use each of the “five ways” listed below to adjust its short-term capacity levels. 1) Vary the price of goods or services 2) Provide customers with information 3) Advertising and promotion 4) Add peripheral goods and/or services 5) Provide reservations
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Briefly explain how a restaurant might use each of the “five ways” listed below to adjust its short-term capacity levels.
1) Vary the price of goods or services
2) Provide customers with information
3) Advertising and promotion
4) Add peripheral goods and/or services
5) Provide reservations
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