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Author Question: How can management price the buffet when guest choices and quantities are unknown? (Read 1116 times)

erika

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How can management price the buffet when guest choices and quantities are unknown?
◦ Determine average from previous experience and evaluate current accuracy
◦ Average what competitors charge for their buffet
◦ Use industry statistics for median buffet charge
◦ Survey guests on what they are willing to pay


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Marked as best answer by erika on Jun 15, 2020

Bigfoot1984

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