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Author Question: The judgment of Paris was a wine tasting event that shocked the wine world and became the ... (Read 24 times)

saraeharris

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on: Aug 10, 2018
The judgment of Paris was a wine tasting event that shocked the wine world and became the significant defining point for?
 
  a. France
 b. Italy
 c. America
 
  d. None of the above

Question 2

Describe the two primary drink-pricing methods used by beverage managers.
 
  What will be an ideal response?


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LP

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Reply #1 on: Aug 10, 2018
Answer to Question 1

C

Answer to Question 2

The two basic methods used to establish drink prices are the beverage cost percentage and the contribution margin (CM) methods. When using the beverage cost percentage method, managers set their drink prices based on the product cost of the drinks sold. These product costs are expressed as a percentage of the drink's total selling price. In the contribution margin method, a fixed amount required to recover the non-beverage costs of producing the drink and a predetermined profit amount per drink are added to the drink's product cost to arrive at the drink's selling price.


saraeharris

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Reply #2 on: Aug 10, 2018
Thank you!


LP

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Reply #3 on: Aug 10, 2018
Always glad to help...


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