Round to the Nearest Hundredth of a Percent

question 15

Short Answer

Round to the nearest hundredth of a percent. The sales of January 21 in the ZZZZ Restaurant were $10,620.00 and $10,430.00 in the bar. The cost of food was $3,870.00, and the bar costs were $1,830.00. The amount of food that was sent from the kitchen to the bar was $750.00. The amount of alcoholic beverages that were sent to the kitchen from the bar was $390.00.
1. Without calculating transfers, what is food cost percentage? ____________
2. Without calculating transfers, what is the beverage cost percentage? ____________
3. What is the food cost percentage, calculating transfers? ____________
4. What is the beverage cost percentage, calculating transfers? ____________

Analyze the impact of the marketing orientation on business strategies.

Understand the characteristics and focus of different marketing eras including production-oriented, sales-oriented, market-oriented, and value-based marketing.

Recognize the importance and methods of customer relationship management (CRM) in building customer loyalty.

Identify how relational orientations with customers can enhance long-term profitability and customer satisfaction.

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Definitions:

Government

The organized system or group of people that exercises authority and performs functions for a country, state, or community.

For-Profit Organization

A type of business entity that operates with the primary goal of earning financial profits for its owners or shareholders.

Nonprofit Organization

Entities that operate for purposes other than making profit, often focusing on philanthropic, educational, scientific, or religious goals.

Economic Activities

Activities related to the making, distribution, and use of products and services throughout various levels of a community.