What Is the Formula Used to Calculate a Food Cost

question 29

Multiple Choice

What is the formula used to calculate a Food Cost Percentage?

• A) Profit ÷ Revenue = Food Cost %
• B) Food Cost ÷ Food Sales = Food Cost %
• C) Total Expense ÷ Revenue = Food Cost %
• D) Labor Expense ÷ Food Sales = Food Cost %

---

Definitions:

Brand Position

Represents the unique space a brand occupies in the minds of consumers, distinguishing it from its competitors based on attributes, benefits, and perceptions.

Radical Innovation

Involves breakthrough developments or products that significantly alter the dynamics of industry, often creating new markets or reshaping existing ones.

Cultural Storytelling

The use of narratives and stories to convey cultural values, beliefs, and histories, often to educate or entertain, while strengthening communal bonds.

Authenticity Deficit

Refers to a gap between a brand's messaging and its actual behaviors or product experiences, leading to consumer skepticism or mistrust.