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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