Author Question: Layout of restaurant and theme has little impact on the design of a restaurant's menu. Indicate ... (Read 198 times)

tichca · **on:** Aug 10, 2018

Layout of restaurant and theme has little impact on the design of a restaurant's menu.

Indicate whether the statement is true or false

Question 2

How can a business plan help your establishment in the planning, operating, and growth stages?

What will be an ideal response?

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

Answer to Question 1

False

Answer to Question 2

Planning:
Helps to evaluate alternative capital structures.
Aids in forecasting sales, labor costs, expenses, etc.
Assists with the Buy or Build decision
Plans for success
Operating:
Compares current operating ratios to expectationsfor actionable intelligence.
Benchmarks to expectations
Comparison to peer group.
Gives the ability to see whether expectations were met and where improvements are possible
Growth Stages:
Allows insight into pre-operational growth strategy and whether it is consistent with the current growth outlook
Operations & financial ratios can be monitored to see if the restaurant has been consistent with the forecasted values.
The business plan proved one location to be profitable; the other business plan can follow a similar outline