Restaurants
Restaurants that includes an Expert Chef, Upscale dining with high-quality service and food. Reservations are often required.
What is Full Service Fine Dining?
When an Individual comes up with an innovative restaurant idea and opens a restaurant. It is known as _____________ ownership.
Example Mrs. Farmer has an idea to open up a restaurant to sale Deep Dish Pizza. She names it Tony's.
What is independent ownership?
It is suggested when borrowing capital from this source everything should be put in writing to maintain good relationships
What is Family and Friends?
True or False.
It is important for business to create a vision and mission state to give direction to a business
What is true?
This restaurant type includes Relaxed Atmosphere Moderate pricing and quality food. Customers Order food at the counter.
What is Quick Casual?
Group or organization that owns different restaurant concepts/types.
Fictional example: For example The charley group owns
Pizza Hut, Taco Bell and KFC
What is Coporate ownership?
This type of Capital involves selling a portion of one's business to raise capital
What is equity capital?
True/False
Vision Statements are futuristic and state where a company see themselves in 5-10 years.
What is true?
The difference between a Full service Fine Dining and Full Service Casual Restaurant.
What is price, atmosphere, quality of food and chef level of expertise?
Restaurant where people are able to buy into a restaurant concept. Same restaurant with different owners
What is a Franchise?
One of the largest funding sources in the world
What is Banks?
True/False
Mission statement typically describe why a business exists and state how the vision will be accomplished
What is true?
This Restaurant is also known as Fast food?
What is Quick Service?
The following is an example of what type of restaurant ownership
Mrs. Hampton have multiple Restaurants with one concept. Her restaurant Ayo French Fries is located in Richmond, Henrico and Chesterfield.
What is Chain Restaurant ownership?
When a business borrows money for its operations it is known as ___________ capital.
What is Debt capital?
The following are Google Vision and Mission statement.
"To provide access to the world’s information in one click."
To organize the world’s information and make it universally accessible and useful."
Which statement is the vision of Google
What is "To provide access to the worlds information in one click."?
Examples of this Restaurant type include Cici Pizza, Golden Corral and Old country Buffet
What is Buffet style?
The difference between Franchise and Chain restaurants?
What is ownership?
Franchise-have different owners with same restaurant concept
Chain restaurants have the same owner whether corporate group, independent owners
Keeping financial records of all Employees rate of pay, gross and
What is payroll?
The following are examples of mission and vision statement. Which is the mission of the company
To
"To refresh the world in mind, body, and spirit. To inspire moments of optimism and happiness through our brands and actions."
: "To craft the brands and drinks loved by people, to refresh them in body and spirit. To reward the work of those who serve them."
What is
To craft the brands and drinks loved by people, to refresh them in body and spirit. To reward the work of those who serve them."