2 years ago

Name two Pricing strategies that we learned about this week.

Arts

1 answer:

polet [3.4K]2 years ago

4 0

The two main Pricing strategies for a menu restaurant includes:

Cost plus pricing
Value pricing

<h3>What is a Pricing strategies?</h3>

This refers to a method used to establish the most suitable price for the product or service offered to customers.

This strategy allows an organization/entity to choose their prices to maximize profits while also considering their consumer and market demand.

For a menu restaurant, the pricing strategy are usually based on restaurant costs, recipe costing, dish costs in order to set a menu price to maximize margin.

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