3 ms·
the problem is all these stats are lumped together for all types of restaurants all over the spectrum. yes, a high end place can easily raise prices and make m
by beachstartup 10y ago
the problem is all these stats are lumped together for all types of restaurants all over the spectrum.
yes, a high end place can easily raise prices and make more money. plenty of them do exactly that.
low end places are squeezed both on supply and demand side, and can not easily do this, or the owners are simply afraid.
if you raise your prices by 6% but business drops by 10% because your customers are price sensitive, and the same month you are hit by an unexpected cost, then what?