EPOS stands for Electronic Point of Sale. It refers to the system and devices used in retail businesses and hospitality establishments to facilitate transactions with customers. An EPOS system typically includes hardware components like a computer or tablet, cash register, barcode scanner, card reader, and receipt printer, as well as software that manages inventory, sales…
The intense pace of work in big cities, developments in information technologies, and mobile applications have changed food demand for consumers, especially Generation Z, in order to order online instead of cooking at home or going to restaurants. Cooking at home requires time and preparation, and the cost of eating at a restaurant has led…
The top food ordering platforms in turkey are: Yemeksepeti: https://www.yemeksepeti.com/ Trendyol: https://www.trendyol.com/s/trendyol-yemek Getir: https://getir.com/ Migros Yemek: https://www.migros.com.tr/yemek Fuudy: https://fuudy.co/
The four types of menu performance are often categorized based on their contribution to overall profitability and popularity within a restaurant. They include: Stars: These are the high-profit, high-popularity menu items. They are the best performers, contributing significantly to both revenue and profit. Stars are the items that customers frequently order and are willing to…
To calculate the break-even point, you need to determine the level of sales or production at which total revenue equals total costs, resulting in neither profit nor loss. The break-even point can be calculated using the following formula: Break-even point (in units) = Fixed Costs / (Selling Price per Unit−Variable Cost per Unit) Or, if you want to calculate the break-even point in terms of…
Fixed costs and variable costs are two types of expenses that businesses incur, but they differ in their characteristics and behavior: Fixed Costs: Fixed costs are expenses that remain constant regardless of changes in production levels or sales volume. Examples of fixed costs include rent, salaries of permanent staff, insurance premiums, depreciation on fixed assets,…
COGS stands for Cost of Goods Sold. It refers to the direct costs incurred in producing or purchasing the goods that a company sells during a specific period. COGS includes expenses such as the cost of raw materials, labor directly involved in production, manufacturing overhead, and any other costs directly attributable to the production of…
Generations in terms of technology typically refer to cohorts of people who were born and grew up during specific periods of technological advancement. Here are some of the key generations often discussed: Baby Boomers (Born roughly between 1946 and 1964): This generation witnessed the advent of television and many significant advancements in technology, such as…
Designing a restaurant menu necessitates a significant financial commitment, contingent on factors such as style, texture choices, and graphics. Interestingly, these elements do not necessarily correlate with profitability. In fact, the most aesthetically pleasing and well-designed menu may not be the one that generates the highest sales or attracts the most customers. So when setting…