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Product Mix Analysis Drives Profitability and Revenue

Modern Restaurant Management

Starbucks, for example, uses a pricing strategy to find out how much customers are willing to pay for their products and services by increasing their prices in tiny increments. This required understanding of their customers and other factors such as payment methods, discounts, price-matching, loyalty and rewards programs, etc.

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ChowNow Introduces First-Ever ‘Diner Impact Score’ Feature on Its Marketplace

ChowNow

Since 2011, ChowNow diners have helped restaurants avoid more than $470 million in commission fees, a staggering figure that illustrates just how much a simple ordering decision can ensure a restaurant’s success. The total score is updated every time they place a new order—demonstrating how every meal can add up to a big difference.

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The Good and the Bad of Singapore’s New Hawkerpreneurs

EATER

Since Sai took over her father’s stall, Coffee Break, in 2011 at the popular Amoy Street Food Centre, she and her siblings have been selling the same traditional Nanyang kopi (coffee) made from dark robusta beans. But Sai argues that innovation isn’t inherently contrary to the hawker spirit. “It

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Cocoberry Creates A Loyal Customer Base With Its Unique Product Line

The Restaurant Times

He further wishes to achieve the lowest CAPEX and operating costs for a frozen yogurt brand anywhere across the globe through continuous innovation. The brand started in 2011. At its heart, Cocoberry is a homegrown brand so the pricing must be like that, and the taste has to be unique to suit the Indian taste buds.

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14 Restaurant Management Tools to Make your Business More Efficient

7 Shifts

You’ll get detailed daily reports on price changes and even price forecasting. You can then use this information to adjust your menu, make purchasing decisions, or change your pricing. Opportunities for creativity and innovation To stay relevant in a competitive restaurant market, you’ll need to keep innovating.

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Should coffee shops charge US $150 for a cup of coffee?

Perfect Daily Grind

Moreover, they also help to drive innovation and highlight excellence in the specialty coffee sector. Boasting complex floral-heavy flavour profiles and a tea-like body, Gesha coffees often fetch high prices at auctions: In 2004, Hacienda La Esmerelda sold one of its Geshas for US $21/lb at the Best of Panama (BoP) auction that year.

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5 Reasons Why Restaurants Are Going Cashless

Lavu

Over the next 11 years (1990-2011), the University of Missouri monitored crime rates in Missouri. Cofounders Jonathan Neman and Nicolas Jammet list crime prevention as a supporting argument for going cashless, but their real motivation is innovation. We believe the future is hyper-experiential and hyper-convenient.