Author Question: List and discuss at least three variables that will influence beverage selling prices. What will ... (Read 173 times)

dalyningkenk · **on:** Aug 10, 2018

List and discuss at least three variables that will influence beverage selling prices.

What will be an ideal response?

Question 2

List and discuss two beverage pricing methods for an open bar (host bar).

What will be an ideal response?

fwbard · **Reply #1 on:** Aug 10, 2018

Answer to Question 1

Menu pricing for beverage sales is affected significantly by many factors, including local competition, customer demographics, product quality, and portion size.

Answer to Question 2

Many banquet clients prefer to pick up the entire beverage tab of their function. If this is the case, a host bar, or open bar, is generally arranged. There are many methods for setting prices and controlling inventory for such functions. Two of the most common methods are

1 . Charging the host on a per person, per hour basis

2 . Charging the host for the actual amount of beverages consumed.