Answered

Determine whether the following statement is true or false:

If followed correctly, the budget plan can become a profit plan designed to meet restaurants' profit goals.

A. True
B. False



Answer :

GinnyAnswer

Final answer:

Profit planning in restaurants involves designing a budget plan to achieve profit goals by balancing revenue and costs.


Explanation:

Profit planning in the restaurant industry involves designing a budget plan to achieve profit goals by balancing total revenue and total costs.

By following the budget plan accurately, a restaurant can transform it into a profit plan, which aims to ensure that the revenue generated from operations surpasses the costs incurred.

For example, if a restaurant's total revenue from sales exceeds its production and operating costs, it will realize a profit for the owner.


Learn more about Budget planning and profit goals in the restaurant industry here:

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