The Golkonda Hotel Interview Questions and Answers

P&L stands for Profit and Loss. It is a financial statement that shows the revenues, costs, and expenses incurred during a specific period of time.

• P&L is used to assess the financial performance of a restaurant.

• To control P&L, a restaurant manager can focus on increasing revenue and reducing costs.

• Increasing revenue can be achieved through strategies like menu engineering, marketing campaigns, and upselling.

• Reducing co...read more

COSV can be controlled by monitoring inventory, reducing waste, and negotiating with suppliers.

• Regularly monitor inventory levels to prevent overstocking or understocking

• Reduce waste by implementing portion control and proper storage techniques

• Negotiate with suppliers for better pricing and quality products

• Regularly review menu items and adjust pricing as needed

• Train staff on proper handling and preparation of ingredie