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Do-it-yourself menu management and pricing.

Authors :
Lai, Hao Bin Jack
Karim, Shahrim
Source :
Journal of Revenue & Pricing Management; Dec2023, Vol. 22 Issue 6, p431-445, 15p
Publication Year :
2023

Abstract

The restaurant menu requires constant re-evaluation to achieve a balance of profitability and customer satisfaction. A constructive research approach was taken to identify the challenges and practical requirements of small and micro restaurant practitioners to facilitate menu analysis and revenue management implementation within their establishments. The developed framework does not require any collection of data and guidance, and hence can be easily implemented for businesses of any circumstance. Through observing implementation of the developed framework in small and micro restaurant outlets, this framework was found to be efficient for menu planning, strategizing and expansion, but inappropriate for day-to-day operational usage. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14766930
Volume :
22
Issue :
6
Database :
Complementary Index
Journal :
Journal of Revenue & Pricing Management
Publication Type :
Academic Journal
Accession number :
173457627
Full Text :
https://doi.org/10.1057/s41272-023-00419-9