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According to one study,the price elasticity of demand for restaurant meals is -2.27.This implies that if restaurants want to increase their total revenues they should:
Maintaining Performance
The continuous effort to ensure that an established level of performance is sustained over time, often through consistent monitoring, training, and feedback.
Assigning Tasks
The distribution of responsibilities or duties to individuals or groups for completion.
Standard Procedures
Established methods or protocols to be followed in order to ensure consistent and effective completion of tasks.
Enforcing Deadlines
The act of ensuring that tasks or projects are completed within a set timeframe.
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