chapter 1 Flashcards
general development or movements in a certain direction in an industry that must be reflected by changes in the industry.
trends
beginning jobs that require little or no experience
entry level
operations such as government, schools, and hospitals, that aim to cover daily expenses such as wages and food costs.
non-commercial operations
fast food chains and fine dinning that earn more then enough to cover expenses and aim to make profit.
commercial operations
establishments that quickly provide a limited selection of food at low prices.
quick services
servers take customers orders and bring the food to the table
full service
upscale atmosphere, excellent food and service, higher menu prices. Staff is exceptionally skilled
fine dining
proof of expertise in a particular area
certification
works under the guidance of a skilled worker in an order to learn a trade or art
apprentice
a self motivated person who creates and runs a business
entrepreneur
has one or more owners and is not affiliated with a national name or brand
independent restaurant
has many individual restaurants that all have the same atmosphere, service, menu, and quality of food
chain restaurant
a franchise company sells the business owner the rights to its name, logo, concept, and products
franchise
cost outside of food and labor
overhead
a document that outlines specific information including a vision, goals, and strategies for achieving those goals
business plans
the process of promoting and supplying goods and services to customers
marketing
a business that has only one owner
sole proprietorship
a legal association of to or more people who share ownership of a business
partnership
a state grants an individual or group a charter with legal rights for their enterprise
corporation
business may buy,sell and set prices with little government control
free enterprise
divides land into sections
zoning
