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spruckj spruckj
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3 years ago
For many years a restaurant is the only operation located on the ocean. They can charge premium prices, as guests love the view. Four more restaurants open on the same beach. What economic principle will dictate what premium guests may now be willing to pay for the view?

▸ Law of supply and demand

▸ Trend or fad of new operations

▸ Location, location, location

▸ Incremental revenues
Textbook 
ManageFirst: Principles of Food and Beverage Management

ManageFirst: Principles of Food and Beverage Management


Edition: 2nd
Author:
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sliceofoctopisliceofoctopi
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#2
3 years ago
Thanks
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2 years ago
thank you
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