how do restaurants calculate the prices of each dish? Do they accurately do it or just a rough estimate?
In: Economics
I assume you aren’t talking about fast food restaurants, but they in particular tend to adjust their prices (if they’re franchised) based on employee wages. Obviously everything at a fast food place costs pennies on the dollar, but even with the mark up and ‘promotions’ meant to lure in people who wouldn’t otherwise spend, they tend to have to raise their prices based on employee wages and the town/city out of which they operate, and what those customers are willing to pay.
For example, I work at one of the most expensive franchised BKs in New England. This is due to the fact that we operate out of a fairly well-paid town and have the highest minimum wage in our franchised states.
Sorry your whopper meal costs $13+, but the state has decided my employees (good and bad) deserve a raise.
You rule!
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