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…
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…