Cost Control - JustHospitality (v.01)

Issued by Madison College

Earners focused on concepts and techniques for hospitality and tourism managers who are responsible for making strategic and proactive decisions to maximize revenues in a cost-efficient way. The JustDane “Controlling Food Cost” course has been articulated to Madison College's "Cost Control" course. Madison College will grant 3 college credits for our Cost Control course to individuals who have earned this badge & enroll at Madison College.

Additional Details

Skills

Earning Criteria

Successfully complete the assessments built into JustDane courses
Select and apply methods, procedures and systems to control costs
Describe environmental factors influencing the financing of culinary, hospitality & tourism service organizations
Explain key business concepts, example: supply and demand, economic impacts, cost analysis, pricing, ratio analyses, involved in managing a profit/nonprofit culinary, hospitality or tourism enterprise
Demonstrate the strategic levers of cost control
Explore the role managers have in making proactive decisions that are critical to core product revenue maximization due to the perishable (time-sensitive) nature of a service-based product