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.
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