Important information about Food and Beverage Management

1 What are components of cost of sales? How is cost of sales calculated? How does cost of sales affect a food and beverage operations profitability? What areas would you examine to improve cost of sales?

2 What tools are available for managers to use when forecasting? What role does forecasting play in managing a food and beverage operation? What operational variables must a manager consider? What is the difference between short- and long-term forecasting?