Revenue Management Ch 11 Exam Questions With 100% Correct Answers

Offsite catered event: - ANSWER-An occasion in which a foodservice operation provides food and beverage products, as well as any labor required to serve the products, at a location separate from its primary place of business. Banquet room: - ANSWER-A uniquely designated space available for privately hosted on-site catered events. For-profit (foodservice): - ANSWER-A foodservice operation whose continued operation is dependent on its ability to generate income in excess of expenses. Also referred to as commercial foodservice operation. Examples include most restaurants, bars, nightclubs, and lounges. Nonprofit (foodservice): - ANSWER-A foodservice operation whose continued operation is not solely dependent on its ability to generate income in excess of expenses. Also referred to as a noncommercial foodservice operation or a subsidized operation. Examples include those foodservice facilities operated in schools, colleges, hospitals, and extended-care facilities.