Categories Within F&B Sector Flashcards
Division of sectors
Primary catering sector
Secondary catering sector
Primary catering sector
Main focus: food
Ex: restaurants, takeaways
Secondary catering sector
Focus: food is not the main activity
Examples: institutional catering, theatres
Types of food service industry
Commercial
Welfare
Commercial
Focus: 🤑
Division: general and restricted market Examples of general market: F&B in hotels, stand alone restaurants
Examples of restricted markets: clubs, industrial catering
Welfare
Focus: break-even
Restricted market Examples: old age homes, military, prison
ADR
Average daily rate
RTS
Ready to serve
Factors to be considered by restaurants for survival
Menu
Service hour
Mode of service
Expenditure potential of the customer
Target customer
Business environment
Environmental factors that impact the F&B sector
Internal
External
External division
Political
Economic
Social
Technical
Political
Govt policies and regulations of food packaging, safety and disposable systems.
VAT+service+luxury tax
Economic
Cost of raw materials
Cost of labour
Cost of water
Cost of energy
Changes in disposable income of the society
Credit policies of suppliers
Loan policies
Rate of interest
Social
Changes in the eating habits of the customers
Technical
Advancement in the food processing technology
High tech food production and service equipment
Information technology