Absolute Barbecues Business Manager Interview Questions and Answers

A Profit and Loss Statement (P&L) is a financial report that summarizes a company's revenues, expenses, and profits/losses over a specific period of time.

• Provides a snapshot of a company's financial performance

• Includes revenues, expenses, and net income/loss

• Helps in analyzing the profitability and financial health of a business

• Used by investors, creditors, and management to make informed decisions

• Example: Revenue -

Achieving growth in business requires strategic planning, innovation, market research, and customer satisfaction.

• Develop a strategic plan outlining goals and objectives for growth

• Innovate products or services to stay ahead of competitors

• Conduct market research to identify new opportunities and target markets

• Focus on customer satisfaction to retain existing customers and attract new ones

Best practices for handling food safely include proper handwashing, avoiding cross-contamination, cooking food to the correct temperature, and storing food properly.

• Wash hands thoroughly with soap and water before and after handling food.

• Use separate cutting boards for raw meat, poultry, and seafood to avoid cross-contamination.

• Cook food to the recommended internal temperature to kill harmful bacteria. For example, coo...read more

Gross margins are the difference between revenue and cost of goods sold, expressed as a percentage.

• Gross margins indicate how efficiently a company is producing and selling its products.

• It is calculated by subtracting the cost of goods sold from revenue, then dividing by revenue and multiplying by 100.

• For example, if a company has $100,000 in revenue and $60,000 in cost of goods sold, the gross margin would be 40%.