This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How would market basket analysis help an operator improve the menu? What will be an ideal ... (Read 46 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Aug 10, 2018
How would market basket analysis help an operator improve the menu?
 
  What will be an ideal response?

Question 2

Explain the problems facing restaurants when it comes to deciding how much inventory to stock.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Aug 10, 2018
Answer to Question 1

(Note that these are suggested answers. Students may arrive at different and yet still correct conclusions)
 MBA can help identify potential combos that would enhance profitability
 MBA can help restaurateurs decide whether their secondary items have high or low price resistance
 Areas for potential suggestive selling can be identified

Answer to Question 2

The restaurant must balance the need for it to have sufficient supplies on hand so that it will not run out of items with the fact that inventory costs money. The more items on hand for a period of time, the more money the restaurant ties up. Slow turnover indicates that inventory levels are too high. In addition to the money tied up, the longer items are kept, the greater the chance of spoilage.


KimWrice

  • Member
  • Posts: 579
Reply 2 on: Aug 10, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
Running is a great way to improve cardiorespiratory endurance Running is a great way to improve cardiorespiratory endurance
Four common staining procedures used in chromosomal analysis. Most karyotypes are prepared using G-b Four common staining procedures used in chromosomal analysis. Most karyotypes are prepared using G-b
In the PCR amplification and analysis of one STR locus In the PCR amplification and analysis of one STR locus
GENETIC ANALYSIS GENETIC ANALYSIS
QTL Analysis of Tomato Weight in Backcross Progeny QTL Analysis of Tomato Weight in Backcross Progeny
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library