chapter 1 Flashcards
(21 cards)
Trends
general developments or movements in a certain direction in an industry that must be reflected by changes in the industry
Entry-level
beginning jobs that require little or no experience
Non-commercial operations
operations such as government, schools and hospitals that aim to cover expenses like wages and food cost
Commercial operations
fast food chains and fine dining that earn more than enough to cover expenses and aim to make a profit
Quick service
establishment that quickly provide a limited selection of food at low prices
Full service
severs take customer’s orders and bring the food to the table
Fine dinning
upscale atmosphere, excellent food and service higher menu prices. Staff is exceptionally skilled
certification
proof of expertise in a particular area
Apprentice
works under the guidance of a skilled worker in order to learn a trade or art
Entrepreneur
A self motivated person who creates and runs a business
independent restaurant
has one or more owners and is not affiliated with a national name or brand
Chain restaurant
Has many individual restaurant that all have the same atmosphere, service, menu and quality food
Franchise
a Franchise company sells the business owner the rights to its name, logo, concept and products
Overhead cost
costs outside of food and labor
Business plan
a document that outlines specific info including a vision, goals and strategies for achieving those goals
Marketing
The process of promoting and supplying goods and services to customers
Sole proprietorship
A business that has only one owner
Partnership
a legal association of two or more people who share ownership of a business
corporation
a state grants an individual or group a charter with legal right for their enterprise
Free enterprise
Business may buy, sell and set prices with little government control
Zoning
divides land into section
