Food and Beverages: Characteristics, Production Styles, Factors Affecting Recipes and Menus
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Added on Β 2023/03/23
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This presentation provides an overview of the food and beverage industry, including its characteristics, production styles, and factors affecting recipes and menus. It also discusses the cost and staffing implications, use of financial statements, purchasing process, and cost and pricing strategies in coffee shops.
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FOOD AND BEVERAGES
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INTRODUCTION Food and Beverages is a fastest growing industry subject to changing customer preferences. It is markedbytheexistenceofnumberof multinationalandlocalsuppliers.Itisan important service oriented department in hotels.
Characteristic of food and beverage production system . The major food and beverage production style for coffee are as follows: ο¬It is a major parts of everyday life of a person. ο¬Encourages entrepreneurship ο¬Employment opportunities for people ο¬Innovative and consumer led initiative.
Con.. The various coffee production styles are: ο¬Espresso ο¬Latte ο¬Cafe Mocha ο¬Americano ο¬Cappuccino
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Con The Italian style of coffee production is one of the most favoured technique. Espresso based production style is most preferred by the people of the United Kingdom. The away from home techniques of production are to be most preferred in this approach.
Factors affecting recipes and menus for different systems The various factors which affect recipe and menu for different system are: ο¬Customer satisfaction ο¬Pricing strategy adopted by the company ο¬Government regulation of health and safety ο¬Management Decisions ο¬Major trends in the market
Cost and staffing implication for different process The various costing and staffing implications for coffee shop are as follows: ο¬Efficiency focused ο¬Learning oriented ο¬Operational excellence (Low cost production) ο¬Product leadership ο¬Customer intimacy
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Use of financial statements in food and beverage The several uses of financial statements in food and beverage are as follows: ο¬It helps in ideal management of business. ο¬It helps in identifying variety of information such as profits and costs incurred on a task. ο¬Ascertain financial performance of the venture ο¬Finding out the profitability in business
Purchasing process for coffee shop The purchasing process for coffee shop is as follows: ο¬Identification of different sources of supply. ο¬Contact and evaluation of different sources of supply. ο¬Negotiate and purchase from the best sources.
Use of cost and pricing process in coffee shop A entrepreneur can adopt variety of pricing strategies which are as follows: ο¬Value based Pricing ο¬Premium Pricing
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CONCLUSION As per the above mentioned report, it has been concluded that food and beverage section is a service oriented department of the industry.Typeofbusinessdeterminesthecost&staffing implications of the firm. Financial statements are used to identify the sales and incomes of the company.