One of the Tools That Is Used to Control the Cost

question 53

Multiple Choice

One of the tools that is used to control the cost and use of food is the _____, the purpose of which is to show management the exact cost and amount of food used on any given day.

• A) daily food cost report
• B) daily labor cost report
• C) profit and loss statement
• D) invoice

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Definitions:

Value Chain Analysis

Value Chain Analysis is a process of examining the development of competitive advantage, focusing on the chain of activities involved in designing, producing, marketing, delivering, and supporting a product or service.

Effective

Achieving the desired outcome or result with optimal use of resources and time.

Manageable

Capable of being controlled, handled, or dealt with effectively.

Value Chain

A model that describes the full range of activities needed to create a product or service, from initial conception to final use and beyond.