The Dollar Differential Between the Cost and Sales Price of a Menu

question 13

Multiple Choice

The dollar differential between the cost and sales price of a menu item is called

• A) profit margin
• B) contribution margin
• C) food cost
• D) labor cost

Understand the efforts toward improving the validity of DSM-5 diagnoses.

Recognize the general effectiveness of psychological treatments.

Understand the perspectives and practices of clinicians regarding treatment approaches and staying informed.

Understand the principles and legislation behind the Employee Retirement Income Security Act (ERISA) of 1974.

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Definitions:

Design Thinking

Design thinking is a process that encourages organizations to focus on the people they’re creating products for.

New-product Strategy

A plan that outlines the conceptualization, development, and launch of new products, considering the target market and the competitive landscape.

Strategy Development

It involves creating plans and tactics to achieve a specific organizational goal or objective, typically by analyzing internal and external environments.

Prove Profitable

To demonstrate or confirm that an activity, investment, or venture is generating a financial profit or benefit.