What are the 5 OMM costs of a restaurant?
http://www.google.com/search?q=omm+costs&oq=omm+costs&aqs=chrome..69i57j0l2.3966j0j7&sourceid=chrome&es_sm=119&ie=UTF-8
I have no idea what all this means, but it was easy to run a Google search. If you cannot find your answer in your text, you should be able to get some ideas from these search results.
Is this a better way to ask the question-
Do you know what the 5 OMM costs of a resturant would be. I know what the 5 OMM costs are (raw materials and components costs, plant costs, labor costs, inventory costs, and distribution costs) but i am having trouble putting in a paragraph what the costs for a resturant would be.
Use the writing process for anything you write, long or short.
Brainstorm first. Make five lists, one for each of the cost categories you've named.
1. raw materials and components
2. plant
3. labor
4. inventory
5. distribution
Once you have a list for each category, you'll be able to start writing sentences. You might end up with more information than one paragraph's worth, but you won't know until you finish brainstorming.
To determine the 5 operations and management (OMM) costs of a restaurant, you need to consider the various expenses associated with running and maintaining a restaurant. Here are five common OMM costs:
1. Food and Beverage Costs: This refers to the expenses associated with purchasing ingredients, beverages, and other products used in the preparation of food and drinks. To calculate this cost, you should track the inventory usage, including the cost of purchasing and replacing items.
2. Labor Costs: This includes wages, benefits, and payroll taxes paid to the restaurant staff. To calculate labor costs, you need to consider the number of employees, their hours worked, and their respective salaries or hourly wages.
3. Rent and Utilities: These costs involve the rental or lease fees for the restaurant space, as well as the expenses for utilities such as electricity, gas, water, and internet. Keep in mind that these costs may vary depending on the location and size of the restaurant.
4. Marketing and Advertising: This category includes promotional efforts, advertising campaigns, and any other marketing activities aimed at attracting customers to the restaurant. To calculate this cost, you should track the expenses incurred for advertising materials, online marketing, social media promotions, and any other marketing initiatives.
5. Maintenance and Repairs: This involves the expenses associated with repairing and maintaining the restaurant's equipment, furniture, fixtures, and facilities. Tracking maintenance and repair costs can help you anticipate future expenses and budget accordingly.
By analyzing and categorizing these various costs, you can effectively manage your restaurant's operations and make informed decisions about budgeting and pricing.