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