Question: 1 ) Explain one reason why undercutting competitors is a poor strategy for success. 2 ) Using what you have learned in this course, determine

1)

Explain one reason why undercutting competitors is a poor strategy for success.

2)

Using what you have learned in this course, determine the LOWEST POSSIBLE MENU SELLING PRICE for a slice of cheesecake on your menu. The cheesecake contains

12

slices and the whole cheesecake costs $

11.75

to make. If your restaurant's desired Food Cost

%

30 %,

what would be the LOWEST MENU SELLING PRICE for a single slice of cheesecake?

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