Week 5 Assignment 2: Final Pricing and Profitability Strategy – Due 11:59 PM For this assignment you will take all you have learned and worked on and combine it into a 500 word APA Word document discussing the Final Pricing and Profitability Strategy for your restaurant.
This is a managerial/conceptual/operational level overview that should include big picture strategies. There is a good opinion piece attached at the bottom to aid your research.
Pricing: You have conducted your Menu Engineering as well as your price sheets. Now, use this to identify the selling prices of menu items and your overall pricing strategy.
What items have the highest contribution margins?
How will you capitalize on these?
Additionally, describe how you are going to alter items and pricing accordingly.
Profitability: Having affordable prices and a decent food cost percentage are all important factors, but not at the expense of overall profitability.
How are you going to turn your pricing strategy into sustainable profitability for your restaurant?
What other factors have a direct impact on the bottom line, and how will you reduce, mitigate, and/or account for these costs to ensure sustainable profitability?
Please use APA format while being mindful of your grammar. https://www.hospitalitynet.org/opinion/4094598.html
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