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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<u>Barriers to creative thinking:</u>
- Blocks to creative abilities are a common happening which almost everyone pass through.
- Creative abilities are simply a thought of good ideas, something outside the blocks.
- There are many barriers to such creative thinking. First and the foremost is formal education.
- You heard that right, formal education works on the concept of ‘only one correct answer.’ That’s simply a hurdle to one’s creative thinking.
- What if the other answer is more appropriate than the former one which is being taught on since decades.
- Apart from this, following rules is something which doesn’t allow a person to think beyond normal/average thinking.
Lord Chamberlin's men and King's Men
