Key words Flashcards
(47 cards)
What is pilferage?
Pilferage is the crime of theft, usually of small amounts, or small items. Pilferage is a problem commonly involving employees who steal items from their place of work. It can have the effect of seriously reducing the amount of profit a business makes.
What is hospitality?
Hospitality is a service industry that provides food, beverages and accommodation to different types of customers. Sometimes entertain can be included in these services. Examples of hospitality businesses include: hotels, restaurants, pubs and nightclubs.
What is catering?
Catering is the business providing people with food and beverages. Catering is provided in many different places such as: hotels, restaurants, schools, prisons and outside events by skilled hospitality staff such as chefs, cooks, waiters, bar staff and catering managers.
What is commercial sector?
In the commercial sector of hospitality, businesses are set up to make money, and the providing of food, beverages and/or accommodation are the main money-making activities. Businesses in this sector include restaurants like McDonalds and hotels like Premier Inn.
What is catering service sector?
In the catering services sector of hospitality, making money is not the main purpose. Some services need to provide food and drink as a ‘service’. They might provide it free, or charge at cost. Businesses in this sector include hospitals, prisons, schools and factories.
What is contract catering?
Contract catering is where catering is outsourced to a specialist food service provider. So if a business wants to provide food and beverages, but does not have the knowledge or skills themselves, they will pay a contract caterer like Sodexo to come in and do it for them.
What is accommodation?
Accommodation is a place to stay. In hospitality this usually means a hotel bedroom, but there are other types of accommodation such as a villa; caravan, camp site or youth hostel. Accommodation could also be a place to work for a few hours, like a hotel conference room.
What is a budget hotel?
A budget hotel is a low-cost hotel with limited facilities and services. Customers can expect a clean and comfortable bedroom, but it will be basic and there will be no luxuries like gyms or swimming pools. Examples of budget hotels include: Ibis and Travelodge.
What is a hostel?
Hostels are low-cost ‘dormitory’ accommodation, where guest share large rooms with many beds. All facilities are shared like bathrooms and kitchens are ‘communal’, meaning they are shared by everyone staying there. Hostels are popular with travellers and students. To be considered a hostel, the property must provide short -term, shared (dormitory style) accommodation for individual travellers, though many hostels also provide private rooms. The word ‘dormitory’ refers to a room where travellers independently book individual beds in a shared room as opposed to booking entire rooms like in a hotel or guest house.
What are guests?
Guests are the people you pay for the services of an establishment such as a hotel or restaurant. They are the hospitality industry’s customers and without them it is impossible to make money, so it is important to look after them and give excellent customer service.
What’s a casino?
A casino is an establishment where gambling takes place. People try to win money by playing games like poker and roulette. Guests can also buy food and drink. Typically, casinos open late afternoon until early in the morning - some open 24 hours.
What is hospitality services?
Hospitality services are places where catering is provided ‘in-house’ by a company’s own staff, but in a non-hospitality industry, like a customer café in a supermarket (the retail industry). St Katherine’s School canteen is also an example of a hospitality service.
What is a sole trader?
A sole trader describes a business that is owned and controlled by one person, although they may employ workers. In the hospitality industry a sole trader could be anything from a food van to a hotel or an events management company.
What is a partnership?
Partnerships are businesses owned by two or more people and can have any number of employees. A partnership can also have a ‘sleeping partner’ who invests in the business but does not have any dealings in the day to day running of the enterprise.
What is a limited company?
The ownership of a limited company is divided up into equal parts called shares. Whoever owns one or more of these is called a shareholder. If the company is successful the shareholders will receive dividends (money paid out at the end of a financial year).
What is a franchise?
A franchise is where a business (the franchisee) is allowed to trade under another business’ name and copy its ideas (the franchiser). For example, McDonald’s in Portishead is owned by businessman Tim Lamb. He pays a fee to operate as a McDonald’s restaurant.
What is a supplier?
A supplier is a business that delivers products, or the ingredients to make a product, to hospitality establishments. A nominated supplier is a business’s main or preferred supplier. An example of a supplier is 3663, who deliver food to hotels, restaurants and pubs.
What is a wholesaler?
Wholesalers are suppliers that buy in bulk directly from farmers, growers and manufacturers, and sell them on in similar quantities to retailers. Some hospitality businesses will buy directly from wholesalers like Booker, to save money.
What is a retailer?
Retailers are suppliers that buy in bulk from wholesalers and then sell in smaller quantities to the public. Most hospitality businesses would use wholesalers, but retailers like Sainsbury’s and Tesco are good for smaller quantities, or if you run out of something.
What is an invoice?
An invoice is a document sent from a supplier to a business listing the goods or services received and the prices to be paid for them. An invoice will need to be paid by a set date, usually 30 days. If an invoice is not paid, a supplier could refuse to deliver any more goods.
What is a delivery note?
A delivery note is provided by a supplier for all deliveries and is a document which itemises the items being delivered. A business needs to check the items that have been delivered against the items listed on the delivery note, and then against their original order to make sure everything is there. Note: Invoices list the items, but do not always show the prices.
What is a statement?
A statement is a document which lists all the transactions that have taken place over the last month. Suppliers send monthly statements to businesses to show what has been delivered and paid for and what has not yet been paid for.
What is profit?
Profit is the amount of money a business makes after taking all its costs into consideration.
Costs include money spent on supplies and staff wages. Revenue comes from customer spending. Businesses need to make more money than they spend in order to generate a profit.
What is an induction?
Induction is the process of introduction into a new job, where a new employee learns about the business and the job role. Its overall purpose is to provide the necessary information to help the employee adjust to their new work environment and perform the job well.
