Examlex
An institutional foodservice department is not generally responsible for
Wholesale Price
The cost of goods sold in bulk to retailers or distributors, typically lower than retail prices.
Retail Price
The price for which retailers sell an item.
Expense Equation
A financial formula used to calculate the total expenses by summing all costs, both fixed and variable.
Revenue Equation
The revenue equation is a mathematical expression that calculates the total revenue earned by selling goods or services, usually represented as Revenue = Price x Quantity sold.
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