A Restaurant Wants to Use Value-Based Pricing

question 147

Multiple Choice

A restaurant wants to use value-based pricing. It knows the costs of the ingredients in the food. It must also factor in ________ in determining customer satisfaction and value.

• A) wages of employees
• B) costs of utilities of the restaurant
• C) atmosphere and décor of the restaurant
• D) travel distance for customers
• E) percentage of bar patrons versus dining patrons

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Definitions:

Behavior Influence

The process or action of affecting or changing someone's actions or decisions through various methods.

Public Agencies

Government entities or organizations that manage and implement public policies, services, or programs.

Citizens Respect

Refers to the regard and consideration shown by individuals towards the laws, cultures, and norms of their society.

Charitable Services

Charitable Services pertain to programs and activities designed to provide aid, support, and relief to those in need through nonprofit organizations.